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 Activity Measure Machining Number of setups Number of products Direct labor-hours Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Product design cost Product Y Product Y Product Z 8,800 3,200 240 40 1 1 8,800 3,200 % Estimated Overhead Cost $ 249,600 $ 162,400 $ 92,000 $ 309,600 Product Z 14. Using the ABC system, what percentage of the Product Design cost is assigned to Product Y and Product Z? (Round your a to 2 decimal places.) % Expected Activity 12,000 MHS 280 setups 2 products 12,000 DLHS

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 Activity Measure Machining Number of setups Number of products Direct labor-hours Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Product design cost Product Y Product Y Product Z 8,800 3,200 240 40 1 1 8,800 3,200 % Estimated Overhead Cost $ 249,600 $ 162,400 $ 92,000 $ 309,600 Product Z 14. Using the ABC system, what percentage of the Product Design cost is assigned to Product Y and Product Z? (Round your a to 2 decimal places.) % Expected Activity 12,000 MHS 280 setups 2 products 12,000 DLHS

Name: Greenwood Company manufactures two products-13,000 units of Product Y
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Description: Greenwood Company manufactures two products-13,000 units of Product Y and 5,000 units of Product Z. Thecompany uses a plantwide overhead rate based on direct labor-hours. It is considering implementing an activity-based costing (ABC) system that all

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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