Required information Greenwood Company manufactures two products-15,000 units of

Question

Required information Greenwood Company manufactures two products-15,000 units of Product Y and 7,000 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 Estimated Overhead Cost Expected Activity Activity Cost Pool Machining Machine setups Production design General factory Activity Measure Machine-hours Number of setups Number of products81,000 Direct labor-hours 216,700 11,000 MHs $ 79,900 170 setups 2 products S 247,000 10,000 DLHs Activity Measure Machining Number of setups Number of products Direct labor-hours ProductYProduct z 7,700 60 3,300 110 7,700 2,300 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. Round your answers to the nearest dollar amount.) Total manufacturing overhead cost

Explanation / Answer

9 Product Y Machining 151690 =216700/11000*7700 Machine setups 28200 =79900/170*60 Production design 40500 =81000/2 General factory 190190 =247000/10000*7700 Total manufacturing overhead cost 410580 10 Product Z Machining 65010 =216700/11000*3300 Machine setups 51700 =79900/170*110 Production design 40500 =81000/2 General factory 56810 =247000/10000*2300 Total manufacturing overhead cost 214020 11 Total overhead cost: Product Y 77% =7700/10000 Product Z 23% =2300/10000 12 Machining cost: Product Y 70% =7700/11000 Product Z 30% =3300/11000

Related Questions

Navigate

• Browse (All)
• Browse R
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.