Home / Questions / Greenwood Company manufactures two productsâ13,000 units of Product Y and 5,000 units of...
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Greenwood Company manufactures two productsâ13,000 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 | Activity Measure | Estimated Overhead Cost | Expected Activity | ||
| Machining | Machine-hours | $ | 228,000 | 12,000 | MHs |
| Machine setups | Number of setups | $ | 40,000 | 100 | setups |
| Production design | Number of products | $ | 74,000 | 2 | products |
| General factory | Direct labor-hours | $ | 288,000 | 12,000 | DLHs |
| Activity Measure | Product Y | Product Z |
| Machining | 6,000 | 6,000 |
| Number of setups | 40 | 60 |
| Number of products | 1 | 1 |
| Direct labor-hours | 7,000 | 5,000 |
1.
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Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Y? (Round your intermediate calculations to 2 decimal places and final answer to the nearest dollar amount.)
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2.
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Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Y? (Round your intermediate calculations to 2 decimal places and final answer to the nearest dollar amount.) |
3.
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Using the plantwide overhead rate, what percentage of the total overhead cost is allocated to Product Y and Product Z? (Round your answers to 2 decimal places.) |
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Total Overhead Cost Product Y=______% Product Z=______% |
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