80.2K

Verified Solution

Link Copied!

Required information Foundational (Algo) (L04-1, LO4-2, L04-3, L04-4) Greenwood Company manufactures two products -15,000 units of Product Y and 7000 units of Product Z. The company uses a plantwide overhead rate based on direct lobor hours. It is considering implementing an activity-based costing (ABC) system that allocates all of its manufacturing overhead to four cost pools. The following additional information is wallable for the company as a whole and for Products Y and Z: Estimated Activity Cost Pool Activity Measure Overhead cost Expected Activity Machining Machine-hours $ 221,100 11,000 MHS Machine setups Number of setups $ 107,100 210 setups Production design Number of products $ 85,000 2 products General factory Direct labor-hours $ 251,000 10,000 LHS Activity Measure Product Y Product z Machining 8,100 2,900 Number of setups 50 160 Number of products 1 Direct labor-hours 8,100 1,900 1 Foundational 4-2 (Algo) 2. Using the plantwide overhead rate, how much manufacturing overhead cost is allocated to Product Y and Product Z? (Round your Intermediate calculations to 2 decimal places. Round your answers to the nearest dollar amount.) Required information Foundational (Algo) (L04-1, L04-2, L04-3, L04-4) Greenwood Company manufactures two products-15,000 units of Product Y and 7,000 units of Product Z. The company uses a plantwide overhead rate based on direct labor-hours. It is considering implementing an activity-based costing (ABC) system that allocates all of its manufacturing overhead to four cost pools. The following additional Information is available for the company as a whole and for Products Y and Z: Estimated Activity Cost Pool Activity Measure Overhead Cost Expected Activity Machining Machine-hours $ 221,100 11,000 MHS Machine setups Number of setups $ 107,100 210 setups Production design Nunber of products $ 85,000 2 products General factory Direct labor-hours $ 251,000 10,000 DLHS Activity Measure Product Y Product z Machining 8,100 2,900 Number of setups 50 160 Number of products 1 1 Direct labor-hours 8,100 1,900 Foundational 4-3 (Algo) 3. What is the activity rote for the Machining activity cost pool? (Round your answer to 2 decimal places.) Activity rato por MH

Answer & Explanation Solved by verified expert

See Answer