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Required information [The following information applies to the questions displayed below.] Hickory 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 $788,400 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 Product design Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Estimated Overhead Cost $ 238,800 $ 93,100 Expected Activity 12,000 MHS 190 setups $ 83,000 $ 373,500 2 products 14,400 DLHS General factory Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Product Y Product Z 6,900 40 1 7,900 5,100 150 1 6,500 13. Using the ABC system, what percentage of Machine Setups cost is assigned to Product Y and Product Z? Note: Round intermediate calculations to 2 decimal places. Round your "Percentage" answers to 2 decimal places. Product Y Product Z Machine setups cost % % 14. Using the ABC system, what percentage of the Product Design cost is assigned to Product Y and Product Z? Product design cost Product Y % Product Z % 15. Using the ABC system, what percentage of the General Factory cost is assigned to Product Y and Product Z? Note: Round intermediate calculations to 2 decimal places. Round your "Percentage" answers to 2 decimal place. Product Y Product Z General factory cost % %

Required information [The following information applies to the questions displayed below.] Hickory 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 $788,400 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 Product design Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Estimated Overhead Cost $ 238,800 $ 93,100 Expected Activity 12,000 MHS 190 setups $ 83,000 $ 373,500 2 products 14,400 DLHS General factory Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Product Y Product Z 6,900 40 1 7,900 5,100 150 1 6,500 13. Using the ABC system, what percentage of Machine Setups cost is assigned to Product Y and Product Z? Note: Round intermediate calculations to 2 decimal places. Round your "Percentage" answers to 2 decimal places. Product Y Product Z Machine setups cost % % 14. Using the ABC system, what percentage of the Product Design cost is assigned to Product Y and Product Z? Product design cost Product Y % Product Z % 15. Using the ABC system, what percentage of the General Factory cost is assigned to Product Y and Product Z? Note: Round intermediate calculations to 2 decimal places. Round your "Percentage" answers to 2 decimal place. Product Y Product Z General factory cost % %

Principles of Cost Accounting
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter4: Accounting For Factory Overhead
Section: Chapter Questions
Problem 8E: A manufacturing company has two service and two production departments. Building Maintenance and...
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Required information [The following information applies to the questions displayed below.] Hickory 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 $788,400 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 Product design Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Estimated Overhead Cost $ 238,800 $ 93,100 Expected Activity 12,000 MHS 190 setups $ 83,000 $ 373,500 2 products 14,400 DLHS General factory Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Product Y Product Z 6,900 40 1 7,900 5,100 150 1 6,500 13. Using the ABC system, what percentage of Machine Setups cost is assigned to Product Y and Product Z? Note: Round intermediate calculations to 2 decimal places. Round your "Percentage" answers to 2 decimal places. Product Y Product Z Machine setups cost % % 14. Using the ABC system, what percentage of the Product Design cost is assigned to Product Y and Product Z? Product design cost Product Y % Product Z % 15. Using the ABC system, what percentage of the General Factory cost is assigned to Product Y and Product Z? Note: Round intermediate calculations to 2 decimal places. Round your "Percentage" answers to 2 decimal place. Product Y Product Z General factory cost % %
Transcribed Image Text:Required information [The following information applies to the questions displayed below.] Hickory 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 $788,400 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 Product design Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Estimated Overhead Cost $ 238,800 $ 93,100 Expected Activity 12,000 MHS 190 setups $ 83,000 $ 373,500 2 products 14,400 DLHS General factory Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Product Y Product Z 6,900 40 1 7,900 5,100 150 1 6,500 13. Using the ABC system, what percentage of Machine Setups cost is assigned to Product Y and Product Z? Note: Round intermediate calculations to 2 decimal places. Round your "Percentage" answers to 2 decimal places. Product Y Product Z Machine setups cost % % 14. Using the ABC system, what percentage of the Product Design cost is assigned to Product Y and Product Z? Product design cost Product Y % Product Z % 15. Using the ABC system, what percentage of the General Factory cost is assigned to Product Y and Product Z? Note: Round intermediate calculations to 2 decimal places. Round your "Percentage" answers to 2 decimal place. Product Y Product Z General factory cost % %
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