15 es Requirea information 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 Windows DESKTOP- Windows Activity Measure Machining Number of setups Number of products Direct labor-hours. Machine setups cost Activity Measure Machine-hours Number of setups Number of products Direct labor-hours +1 (252) 484-2153 Oh nun Product Y Product Z 8,800 3,200 40 240 1 1 8,800 3,200 Product Y % < Prev 13. Using the ABC system, what percentage of Machine Setups cost is assigned to Product Y and Product Z? (Round your intermediate calculations to 2 decimal places. Round your answers to 2 decimal places.) Product Z 2/7/23 Estimated Overhead Cost $ 249,600 $ 162,400 $ 92,000 $ 309,600 13 A % 14 15 of 15 Expected Activity 12,000 MHS iMessage 280 setups 2 products 12,000 DLHS Help Save & E: Next > Che
Process Costing
Process costing is a sort of operation costing which is employed to determine the value of a product at each process or stage of producing process, applicable where goods produced from a series of continuous operations or procedure.
Job Costing
Job costing is adhesive costs of each and every job involved in the production processes. It is an accounting measure. It is a method which determines the cost of specific jobs, which are performed according to the consumer’s specifications. Job costing is possible only in businesses where the production is done as per the customer’s requirement. For example, some customers order to manufacture furniture as per their needs.
ABC Costing
Cost Accounting is a form of managerial accounting that helps the company in assessing the total variable cost so as to compute the cost of production. Cost accounting is generally used by the management so as to ensure better decision-making. In comparison to financial accounting, cost accounting has to follow a set standard ad can be used flexibly by the management as per their needs. The types of Cost Accounting include – Lean Accounting, Standard Costing, Marginal Costing and Activity Based Costing.
![15
es
Requirea information
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
Windows
DESKTOP-
Windows
Activity Measure
Machining
Number of setups
Number of products
Direct labor-hours
Machine setups cost
Activity Measure
Machine-hours
Number of setups
Number of products
Direct labor-hours
+1 (252) 484-2153
Oh nun
Product Y Product Z
8,800
3,200
40
240
1
1
8,800
3,200
Product Y
%
< Prev
13. Using the ABC system, what percentage of Machine Setups cost is assigned to Product Y and Product Z? (Round your
intermediate calculations to 2 decimal places. Round your answers to 2 decimal places.)
Product Z
2/7/23
Estimated
Overhead Cost
$ 249,600
$ 162,400
$ 92,000
$ 309,600
13
A
%
14
15
of 15
Expected Activity
12,000 MHS
iMessage
280 setups
2 products
12,000 DLHS
Help Save & E:
Next >
Che](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F943f8f4e-d7d3-41cb-953f-9fba6c250e4b%2F0048df8b-7128-4dd1-b0c4-e715bb1d25db%2F33xq6zo_processed.jpeg&w=3840&q=75)
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