Question

1.using the ABC system, how much total manufacturing overhead cost would ge assigbed to product Y (Round your immediate calculations and final answers to 2 decimal places. Round your answers to the nearest dollar amonut)

2. using the ABC system, how much total manufacturing overhead cost would ge assigbed to product Z (Round your immediate calculations and final answers to 2 decimal places. Round your answers to the nearest dollar amount)

3. Using the Plantwide overhead rate, what PERCENTAGE of the total overhead cost is allocated to Prodcut Y and Product Z? (Round your immediate calculations to 2 decimal places. Round your answer to 2 decimal places)

4. Using the ABC system, what PERCENTAGE of the Machining costs is assinged to Prodcut Y and Product Z? (Round your immediate calculations to 2 decimal places. Round your answer to 2 decimal places)

5. Using the ABC system, what PERCENTAGE of the Machine Setups costs is assinged to Prodcut Y and Product Z? (Round your immediate calculations to 2 decimal places. Round your answer to 2 decimal places)

6. Using the ABC system, what PERCENTAGE of the Product Design cost is assinged to Prodcut Y and Product Z? (Round your answers to 2 decimal places)

7. Using the ABC system, what PERCENTAGE of the General Factory cost is assinged to Prodcut Y and Product Z? (Round your immediate calculations and final answers to 2 decimal places)

completion. Required information 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 ti company as a whole and for Products Y and Z. Activity Cost Pool Machining Machine setups Production design General factory Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Estimated Overhead Cost $ 224,40 $ 129,600 $ 88, eee $ 254,000 Expected Activity 11,000 MHs 248 setups 2 products 10,00 DLHS Product Product z 2,688 Activity Measure Machining Number of setups Number of products Direct labor-hours e ho 15 of 15 Next >

Answer 1

1
Total manufacturing overhead cost	461120
2
Total manufacturing overhead cost	234880
3
Total overhead cost:
Product Y	84%	=8400/10000
Product Z	16%	=1600/10000
4
Machining costs:
Product Y	76.36%	=8400/11000
Product Z	23.64%	=2600/11000
5
Machine Setups costs:
Product Y	25%	=60/240
Product Z	75%	=180/240
6
Product Design cost:
Product Y	50%	=1/2
Product Z	50%	=1/2
7
General Factory cost:
Product Y	84%	=8400/10000
Product Z	16%	=1600/10000
Workings:
Activity rate:
Machining	20.4	=224400/11000
Machine setups	540	=129600/240
Production design	44000	=88000/2
General factory	25.4	=254000/10000
Product Y:
Machining	171360	=8400*20.4
Machine setups	32400	=60*540
Production design	44000
General factory	213360	=8400*25.4
Total manufacturing overhead cost	461120
Product Z:
Machining	53040	=2600*20.4
Machine setups	97200	=180*540
Production design	44000
General factory	40640	=1600*25.4
Total manufacturing overhead cost	234880