Post ACC211 Unit 2 Chapter 3 Assignment Latest 2017 August
by  Mar 18, 2020  Uncategorized
Post ACC211
Unit 2 Chapter 3 Assignment
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
laborhours. It is considering implementing an activitybased 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

Machinehours

$

203,000

10,000

MHs

Machine setups

Number of setups

$

121,900

230

setups

Production design

Number of products

$

87,000

2

products

General factory

Direct laborhours

$

379,500

15,000

DLHs


Activity
Measure

Product
Y

Product
Z

Machining

7,300

2,700

Number of setups

50

180

Number of products

1

1

Direct laborhours

9,500

5,500


1.

What is the company’s plantwide
overhead rate? (Round your answer to 2
decimal places.)



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.)



3.

What is the
activity rate for the Machining activity cost pool? (Round
your answer to 2 decimal places.)



4.

What is the activity rate for the Machine Setups activity
cost pool? (Round your answer to 2
decimal places.)



5.

What is the activity rate for the Product Design activity
cost pool? (Round your answer to 2
decimal places.)



6.

What is the
activity rate for the General Factory activity cost pool? (Round your answer to 2 decimal places.)



7.

Which of the four activities is a
batchlevel activity?




Machine setups activity

8.

Which of the four activities is a
productlevel 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.)



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.)

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.)



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.)



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.)



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.)



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.)



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