subject
Business, 24.03.2020 16:48 brooklyn4932

Required information 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 $ 224,400 11,000 MHs Machine setups Number of setups $ 129,600 240 setups Production design Number of products $ 88,000 2 products General factory Direct labor-hours $ 254,000 10,000 DLHs Activity Measure Product Y Product Z Machining 8,400 2,600 Number of setups 60 180 Number of products 1 1 Direct labor-hours 8,400 1,600 Required: 1. What is the company’s plantwide overhead rate? (Round your answer to 2 decimal places.)

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 03:30
Assume that all of thurmond company’s sales are credit sales. it has been the practice of thurmond company to provide for uncollectible accounts expense at the rate of one-half of one percent of net credit sales. for the year 20x1 the company had net credit sales of $2,021,000 and the allowance for doubtful accounts account had a credit balance, before adjustments, of $630 as of december 31, 20x1. during 20x2, the following selected transactions occurred: jan. 20 the account of h. scott, a deceased customer who owed $325, was determined to be uncollectible and was therefore written off. mar. 16 informed that a. nettles, a customer, had been declared bankrupt. his account for $898 was written off. apr. 23 the $906 account of j. kenney & sons was written off as uncollectible. aug. 3 wrote off as uncollectible the $750 account of clarke company. oct. 20 wrote off as uncollectible the $1,130 account of g. michael associates. oct. 27 received a check for $325 from the estate of h. scott. this amount had been written off on january 20 of the current year. dec. 20 cater company paid $7,000 of the $7,500 it owed thurmond company. since cater company was going out of business, the $500 balance it still owed was deemed uncollectible and written off. required: prepare journal entries for the december 31, 20x1, and the seven 20x2 transactions on the work sheets provided at the back of this unit. then answer questions 8 and 9 on the answer sheet. t-accounts are also provided for your use in answering these questions. 8. which one of the following entries should have been made on december 31, 20x1?
Answers: 1
question
Business, 22.06.2019 10:20
Asmartphone manufacturing company uses social media to achieve different business objectives. match each social media activity of the company to the objective it the company achieve.
Answers: 2
question
Business, 22.06.2019 11:30
12.     to produce a textured purĂ©e, you would use a/an a. food processor. b. wide-mesh sieve. c. immersion blender d. food mill. student a   incorrect which is correct answer?
Answers: 2
question
Business, 22.06.2019 16:40
Based on what you learned about time management which of these statements are true
Answers: 1
You know the right answer?
Required information Greenwood Company manufactures two products—15,000 units of Product Y and 7,000...
Questions
question
Mathematics, 13.07.2020 16:01
question
Mathematics, 13.07.2020 16:01
question
English, 13.07.2020 16:01