he Oliver Company manufactures products in two​ departments: Mixing and Packaging. The company was allocating manufacturing overhead using a single plantwide rate of $2.40 with direct labor hours as the allocation base.   The company has refined its allocation system by separating manufacturing overhead costs into two cost pools—one for each department. The estimated costs for the Mixing​ Department, $490,000​, will be allocated based on direct labor​ hours, and the estimated direct labor hours for the year are 175,000. The estimated costs for the Packaging​ Department, $103,500​, will be allocated based on machine​ hours, and the estimated machine hours for the year are 30,000. In October​, the company incurred 68,000 direct labor hours in the Mixing Department and 3,000 machine hours in the Packaging Department.   Read the requirements LOADING... .   Requirement 1. Compute the predetermined overhead allocation rates. Round to two decimal places.   Begin by selecting the formula to calculate the predetermined overhead​ (OH) allocation rate. Then enter the amounts to compute the allocation rate for each department.               Predetermined OH     ÷   = allocation rate Mixing   ÷   =   Packaging   ÷   =   Requirement 2. Determine the total amount of overhead allocated in October.   Begin by selecting the formula to allocate overhead costs.               Allocated mfg.     ×   = overhead costs Compute the overhead allocated in October for each department and the total for both departments.   Mixing   Packaging   Total

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 TOP- OWS Activity Measure Machining Number of setups Number of products Direct labor-hours Machining 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 12. Using the ABC system, what percentage of the Machining costs is assigned to Product Y and Product Z? (Round your in calculations to 2 decimal places. Round your answers to 2 decimal places.) Product Z

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:   Activity Cost Pool Activity Measure Estimated Overhead Cost Expected Activity Machining Machine-hours $ 227,700 11,000 MHs Machine setups Number of setups $ 153,900 270 setups Production design Number of products $ 91,000 2 products General factory Direct labor-hours $ 257,000 10,000 DLHs   Activity Measure Product Y Product Z Machining 8,700 2,300 Number of setups 60 210 Number of products 1 1 Direct labor-hours 8,700 1,300   Required: 1. What is the company’s plantwide overhead rate? (Round your answer to 2 decimal places.) PLEASE ROUND TO…

Godiva company has two products, A and B. The company uses activity-based costing to allocate overhead costs of $100,000. Data relating to the company's activity pools for the current year are given below: Cost Pool   Total cost in Total Number of Activity Measures Used Cost Pool Product A Product B Total Activity 1   $42,000 100 200 300 Activity 2 $10,000 20 5 25 Activity 3 $48,000 3,000 3,000 6,000 Compute the activity rate (allocation rate) for Activity 2:   $500   $2,000   $400   $140