90.2K

Verified Solution

Link Copied!

! Required information Greenwood Company manufactures two products-14,000 units of Product Y and 6,000 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 $ 206,000 10,000 MHS Machine setups Number of setups $ 145,600 260 setups Production design Number of products $ 90,000 General factory 2 products Direct labor-hours $ 307,200 12,000 LHS Activity Measure Product Y Product z Machining 8,600 1,400 Number of setups 50 210 Number of products 1 1 Direct labor-hours 8,600 3,400 Required: 1. What is the company's plantwide overhead rate? (Round your answer to 2 decimal places.) Plantvide overhead rate per DLH Required information Greenwood Company manufactures two products-14,000 units of Product Y and 6,000 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 $ 206,000 10,000 MHS Machine setups Number of setups $ 145,600 268 setups Production design Number of products $ 90,000 2 products General factory Direct labor-hours $ 307,200 12,000 DLHS Activity Measure Product Y Product z Machining 8,600 1,400 Number of setups 50 210 Number of products Direct labor-hours 8,600 3,400 1 1 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.) Product Y Manufacturing overhead allocated Product z Required information Greenwood Company manufactures two products-14,000 units of Product Y and 6,000 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 2: Estimated Activity Cost Pool Activity Measure Overhead Cost Expected Activity Machining Machine-hours $ 286,000 10,000 MHS Machine setups Number of setups $ 145,600 260 setups Production design Number of products $ 90,000 2 products General factory Direct labor-hours $ 307,200 12,008 LHS Activity Measure Product Y Product z Machining 8,600 1,400 Number of setups 50 Number of products 1 1 Direct labor-hours 8,600 3,400 210 3. What is the activity rate for the Machining activity cost pool? (Round your answer to 2 decimal places.) Activity rate per MH Required information Greenwood Company manufactures two products-14,000 units of Product Y and 6,000 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 $ 206,000 10,000 MHS Machine setups Number of setups $ 145,600 260 setups Production design Number of products $ 90,000 General factory 2 products Direct labor-hours $ 307,200 12,000 LHS Activity Measure Product Y Product Z Machining 8,600 1,400 Number of setups 50 210 Number of products 1 Direct labor-hours 8,600 3,400 1 4. What is the activity rate for the Machine Setups activity cost pool? Activity rate per setup Required information Greenwood Company manufactures two products-14,000 units of Product Y and 6,000 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 $ 206,000 10,000 MHS Machine setups Number of setups $ 145,600 268 setups Production design Number of products $ 90,000 2 products General factory Direct labor-hours $ 307,200 12,608 BLHS Activity Measure Product Y Product z Machining 8,600 1,400 Number of setups 50 210 Number of products Direct labor-hours 8,600 3,400 1 1 5. What is the activity rate for the Product Design activity cost pool? Activity rate per product 0 Required information Greenwood Company manufactures two products-14,000 units of Product Y and 6,000 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 $ 205,000 10,000 MHS Machine setups Number of setups $ 145,600 260 setups Production design Number of products $ 90,000 2 products General factory Direct labor-hours $ 307,200 12,080 DLHS Activity Measure Product Y Product 2 Machining 8,600 1,480 Number of setups 50 210 Number of products 1 Direct labor-hours 8,600 3,400 2 6. What is the activity rate for the General Factory activity cost pool? (Round your answer to 2 decimal places.) Activity rate Der DLH

Answer & Explanation Solved by verified expert

See Answer