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Required information Foundational (Algo) (L04-1, LO4-2, L04-3, L04-4) Greenwood Company manufactures two products-13,000 units of...

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Accounting

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Required information Foundational (Algo) (L04-1, LO4-2, L04-3, L04-4) Greenwood Company manufactures two products-13,000 units of Product Y and 5,000 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: Activity Cost Pool Machining Machine setups Production design General factory Estimated Activity Measure Overhead Cost Machine-hours $ 238,800 Number of setups $ 93,100 Number of products $ 83,000 Direct labor-hours $ 373,500 Expected Activity 12,000 MHS 190 setups 2 products 15,000 DLHS Activity Measure Machining Number of setups Number of products Direct labor-hours Product Product z 7.900 4,100 40 150 1 1 7,900 7,100 Foundational 4-11 (Algo) Using the plantwide overhead rate, what percentage of the total overhead cost is allocated to Product Y and Product Z? (Round our intermediate calculations to 2 decimal places. Round your answers to 2 decimal places.) Product Y Total overhead cost Product z % %

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