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Find what percentage of the general factory cost is assigned

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Reference no: EM132633240

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:

Activity                                Cost Pool  Activity      Measure Estimated   Overhead Cost Expected Activity

Machining                           Machine-hours                 $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 labor-hours                   $379,500                  15,000 DLHs

Activity Measure                      Product Y                 Product Z

Machining                               8,300                      1,700

Number of setups                       50                           180

Number of products                       1                             1

Direct labor-hours                       9,500                         5,500

Question 1: 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.)

Reference no: EM132633240

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