FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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
DESKTOP-
Windows
Number of setups
Number of products
Direct labor-hours
General factory cost
Activity Measure
Machine-hours
Number of setups
Number of products
Direct labor-hours
Product Y
+1 (252) 484-2153
Oh nun
Product Y Product Z
8,800
3,200
40
240
1
1
8,800
3,200
%
15. Using the ABC system, what percentage of the General Factory cost is assigned to Product Y and Product Z? (Round your
intermediate calculations and final answers to 2 decimal places.)
Product Z
< Prev
2/7/23
11
Estimated
Overhead Cost
$ 249,600
$ 162,400
$ 92,000
$ 309,600
%
A
L
S
15
of 15
iMessage
tv
Expected Activity
12,000 MHS
H
280 setups
2 products
12,000 DLHS
Next >
(@
2
0
Chec
Å
expand button
Transcribed Image Text: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 DESKTOP- Windows Number of setups Number of products Direct labor-hours General factory cost Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Product Y +1 (252) 484-2153 Oh nun Product Y Product Z 8,800 3,200 40 240 1 1 8,800 3,200 % 15. Using the ABC system, what percentage of the General Factory cost is assigned to Product Y and Product Z? (Round your intermediate calculations and final answers to 2 decimal places.) Product Z < Prev 2/7/23 11 Estimated Overhead Cost $ 249,600 $ 162,400 $ 92,000 $ 309,600 % A L S 15 of 15 iMessage tv Expected Activity 12,000 MHS H 280 setups 2 products 12,000 DLHS Next > (@ 2 0 Chec Å
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