User Account

All Pages

Find what percentage of the general factory cost is assigned

Assignment Help Managerial Accounting
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

Questions Cloud

Compute the multifactor productivity measure for each : Compute the multifactor productivity measure for each of the 4 weeks shown for production of chocolate bars. What do the productivity figures suggest
Find the sales in units to achieve a profit : The total fixed expenses are increase by 15%. Find the sales in units to achieve a profit of $23,000, assuming no change in selling price.
Find what percentage of the product design cost is assigned : Activity , 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.)
What amount should be reported as cash and cash equivalent : Question - Tranvia company had the following balances on December 31, 2015 - What amount should be reported as cash and cash equivalent
Find what percentage of the general factory cost is assigned : Using the ABC system, what percentage of the General Factory cost is assigned to Product Y and Product Z? (Round your intermediate calculations)
What is the journal entry for this transaction : What is the journal entry for this transaction. Escudero previously purchased the equipment for 50000 but has a current second hand value of 30000
Determine the cost of goods sold for the current year : For the financial year ending 30 June 2019 year, Determine the cost of goods sold for the current year
Perform transaction analysis and indicate the account : Perform transaction analysis and indicate the account, amount, and direction of the effect (+ for increase and - for decrease) on the accounting equation
Business research design and methodology : Business Research Design and Methodology - summary of your findings OR what you would expect to find - construction of a written report demonstrating

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd