Greenwood Company manufactures two products—14,000 units of Product Y and 6,000 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 $ 209,000 10,000 MHs
Machine setups Number of setups $ 171,100 290 setups
Production design Number of products $ 93,000 2 products
General factory Direct labor-hours $ 259,000 10,000 DLHs
Activity Measure Product Y Product Z
Machining 7,900 2,100
Number of setups 50 240
Number of products 1 1
Direct labor-hours 8,900 1,100
1. What is the company’s plantwide overhead rate? (Round your answer to 2 decimal places.) Predetermined overhead rate? per DLH $
2.
Using the plantwide overhead rate, how much manufacturing overhead cost is allocated to Product Y and Product Z? (Round your intermediate calculations to 2 decimal places and final answers to the nearest dollar amount.)
Manufacturing overhead allocated? (Product Y) $ (Product Z) $
3.
What is the activity rate for the Machining activity cost pool? (Round your answer to 2 decimal places.)
Activity rate? per MH
4.
What is the activity rate for the Machine Setups activity cost pool? (Round your answer to 2 decimal places.)
Activity rate? per setup
5.
What is the activity rate for the Product Design activity cost pool? (Round your answer to 2 decimal places.)
Activity rate? per product
6.
What is the activity rate for the General Factory activity cost pool? (Round your answer to 2 decimal places.)
Activity rate? per DLH
7. Which of the four activities is a batch-level activity?
Machining activity
General factory activity
Product design activity
Machine setups activity
8. Which of the four activities is a product-level activity?
Machining activity
Machine setups activity
Product design activity
General factory activity
9.
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.)
Total manufacturing overhead cost?
10.
Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Z? (Round your intermediate calculations to 2 decimal places and final answer to the nearest dollar amount.)
Total manufacturing overhead cost?
11.
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.)
Total overhead cost? Product Y %: Product Z%:
12.
Using the ABC system, what percentage of the Machining costs is assigned to Product Y and Product Z? (Round your answers to 2 decimal places.)
Machining cost? Product Y%: Product Z%:
13.
Using the ABC system, what percentage of Machine Setups cost is assigned to Product Y and Product Z? (Round your answers to 2 decimal places.)
Machine setups cost? Product Y: %
Product Z: %
14.
Using the ABC system, what percentage of the Product Design cost is assigned to Product Y and Product Z? (Round your answers to 2 decimal places.)
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? (Round your answers to 2 decimal places.)
General Factory cost? Product Y: %
Product Z: %
Answers: 3
Other questions on the subject: Business
Business, 21.06.2019 16:10, Diego5140
Visburg concrete company pours concrete slabs for single-family dwellings. lancing construction company, which operates outside visburg's normal sales territory, asks visburg to pour 40 slabs for lancing's new development of homes. visburg has the capacity to build 300 slabs and is presently working on 250 of them. lancing is willing to pay only $3, 300 per slab. visburg estimates the cost of a typical job to include unit-level materials, $1, 440: unit-level labor, $720: and an allocated portion of facility-level overhead, $1, 200. required calculate the contribution to profit from the special order. should visburg accept or reject the special order to pour 40 slabs for $3, 300 each?
Answers: 2
Business, 21.06.2019 21:00, hannahkharel2
On june 1 of the current year, chad wilson established a business to manage rental property. he completed the following transactions during june: opened a business bank account with a deposit of $28,000 from personal funds. purchased office supplies on account, $2,690. received cash from fees earned for managing rental property, $7,390. paid rent on office and equipment for the month, $3,310. paid creditors on account, $1,230. billed customers for fees earned for managing rental property, $6,130. paid automobile expenses (including rental charges) for the month, $740, and miscellaneous expenses, $370. paid office salaries, $2,330. determined that the cost of supplies on hand was $1,590; therefore, the cost of supplies used was $1,100. withdrew cash for personal use, $2,210. required: 1. indicate the effect of each transaction and the balances after each transaction: for those boxes in which no entry is required, leave the box blank. for those boxes in which you must enter subtractive or negative numbers use a minus sign. (example: -300) answer
Answers: 1
Business, 22.06.2019 15:20, lamashermosa23
On january 2, 2018, bering co. disposes of a machine costing $34,100 with accumulated depreciation of $18,369. prepare the entries to record the disposal under each of the following separate assumptions. exercise 8-24a part 2 2. the machine is traded in for a newer machine having a $50,600 cash price. a $16,238 trade-in allowance is received, and the balance is paid in cash. assume the asset exchange has commercial substance.
Answers: 2
Business, 22.06.2019 17:00, staffordkimberly
Explain how can you avoid conflict by adjusting
Answers: 1
You know the right answer?
Greenwood Company manufactures two products—14,000 units of Product Y and 6,000 units of Product Z....
Questions in other subjects:
Social Studies, 24.07.2019 09:30
