15th 15. Using the ABC system, what percentage of the General Factory cost is assigned to Product Y and Product Z? (Round yourintermediate calculations and final answers to 2 decimal places.)Product YProduct ZGeneral factory cost%% !Required informationGreenwood Company manufactures two products-14,000 units of Product Y and 6,000 units of Product Z. Thecompany 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 followingadditional information is available for the company as a whole and for Products Y and Z:EstimatedOverheadActivity Cost PoolMachiningMachine setupsProduction designGeneral factoryActivity MeasureMachine-hoursNumber of setupsNumber of productsDirect labor-hoursExpectedActivity10,еее мнs260 setupsCost$ 206, 000$ 145,6002$90,000$ 307, 2002 products12,000 DLHSActivity MeasureMachiningNumber of setupsProduct YProduct Z8,6001,40050210Number of productsDirect labor-hours118,6003,400

Under ABC system , every overhead is related with some cost driver and then overhead is allocated to…

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 Y Product Z General factory cost %

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 Y Product Z General factory cost %

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter4: Accounting For Factory Overhead

Section: Chapter Questions

Problem 4P: Using the data in P4-2 and Microsoft Excel: 1. Separate the variable and fixed elements. 2....

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Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.

Question

15th

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 Y
Product Z
General factory cost
%
%

!
Required information
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:
Estimated
Overhead
Activity Cost Pool
Machining
Machine setups
Production design
General factory
Activity Measure
Machine-hours
Number of setups
Number of products
Direct labor-hours
Expected
Activity
10,еее мнs
260 setups
Cost
$ 206, 000
$ 145,600
2$
90,000
$ 307, 200
2 products
12,000 DLHS
Activity Measure
Machining
Number of setups
Product Y
Product Z
8,600
1,400
50
210
Number of products
Direct labor-hours
1
1
8,600
3,400

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