Chapter 5 Foundational 15 11 Required Information The Following Information Applies To The Questions Displayed Below Hi 1 (32.43 KiB) Viewed 34 times
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Chapter 5 Foundational 15 11 Required information The following information applies to the questions displayed below) Hickory 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 $571,200 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: Part 11/15 O 0 Activity Control Machining Machine setup Product design General factory Activity Measure Machine-hours Number of stupe Number of products Direet Lisbor-hours Estimated Overhead Expected Cost Activity $ 210,100 11,000 Mile $ 45,100 110 stup $75,000 2 products 5241,000 13,200 L edoch Activity Measure Machine-hour Number of setups Number of products Direct labor-hours Droduct product 6.100 4.900 50 60 1 1 7.100 6,100 11. Using the plantwide overhead rate, what percentage of the total overhead cost is alocated to Product Y and Product Z? (Round your "Percentage" answers to 2 decimal place.) Product Product Manufacturing overhead
12. Using the ABC system, what percentage of the Machining costs is assigned to Product Y and Product Z? (Round your *Percentage" answers to 2 decimal places.) Product Product Machining cout
13. Using the ABC system, what percentage of Machine Setups cost is assigned to Product Y and Product Z? (Round your *Percentage" answers to 2 decimal places.) Product Y Product Machine setup Cont
14. Using the ABC system, what percentage of the Product Design cost is assigned to Product Y and Product Z? Product Y Product Z % Product design cost
15. Using the ABC system, what percentage of the General Factory cost is assigned to Product Y and Product Z? (Round your "Percentage answers to 2 decimal place.) Product Y Product General factory out
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