Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

04:43 PM / Remaining: 81 min CALCULATOR BACK NEXT Question 12 Flynn Industries has three activity cost pools and two products. It estimates production 2,000

image text in transcribed
image text in transcribed
04:43 PM / Remaining: 81 min CALCULATOR BACK NEXT Question 12 Flynn Industries has three activity cost pools and two products. It estimates production 2,000 units of Product C113 and 1,000 of Product AD908. Having identified its activity cost pools and the cost drivers for each pool, Flynn accumulated the following data relative to those activity cost pools and cost drivers. Annual Overhead Data Estimated Activity Cost Pools Cost Drivers Overhead Machine setup Setups $23,400 Machining Machine hours 97,280 Packing Orders 30,680 Estimated Use of Cost Drivers per Product Estimated Use of Cost Product Product Drivers per Activity BC113 AD900 39 23 16 5.120 1,060 4,060 520 200 320 Using the above data, do the following: Prepare a schedule showing the computations of the activity based overhead rates per cost driver Activity Cost Estimated Estimated Use of Cost Activity-Based Pools Overhead Drivers per Activity Overhead Rates Machines setups per setup Machining machine hours per machine hr Packing orders $ per order Prepare a schedule assigning each activity's overhead cost to the two products, BC13 Activity Cost Estimated Use of Cost Activity-Based Cost Pools Drivers per Product Overhead Rates Assigned Machine setup ADROS Estimated Use of Cost Activity-Based Drivers per Product Overhead Rates Cost Assigned Machining Remaining: 81 min. CALCUL Activity Cost Pools Estimated Overhead Estimated Use of Cost Drivers per Activity Activity-Based Overhead Rates Machine setup $ setups per setup Machining machine hours $ per machine hr. Packing orders $ per order Prepare a schedule assigning each activity's overhead cost to the two products. Activity Cost Pools BC113 Estimated Use of Cost Activity-Based Drivers per Product Overhead Rates Cost Assigned AD908 Estimated Use of Cost Activity-Based Drivers per Product Overhead Rates Cost Assigned by Study Machine setup $ $ $ $ Machining $ 5 Packing Total assigned costs S $ Compute the overhead cost per unit for each product. (Round answers to 2 decimal places... 12.25.) BC113 AD908 Overhead cost per unit $ Question Attempts of 1 used

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

General Accounting Financial Accounting

Authors: Bbc Kikumbi Mwepu

1st Edition

6206329488, 978-6206329480

More Books

Students also viewed these Accounting questions

Question

1-12. What is a digital enterprise?

Answered: 1 week ago