Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Do It! Review 17-02 a-c Coronado Industries has three activity cost pools and two products. It estimates production 2,000 units of Product BC113 and 1,000
Do It! Review 17-02 a-c Coronado Industries has three activity cost pools and two products. It estimates production 2,000 units of Product BC113 and 1,000 of Product AD908. Having identified its activity cost pools and the cost drivers for each pool, Coronado accumulated the following data relative to those activity cost pools and cost drivers. Annual Overhead Data Estimated Overhead Product AD908 Cost Drivers Activity Cost Pools Machine setup Machining Packing 18 Estimated Use of Cost Drivers per Product Estimated Use of Cost Product Drivers per Activity BC113 44 26 4,870 1,190 510 170 Setups Machine hours $26,400 82,790 34,170 3,680 340 Orders Using the above data, do the following: Prepare a schedule showing the computations of the activity-based overhead rates per cost driver. 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. BC113 AD908 Estimated Use of Cost Activity-Based Drivers per Overhead Product Rates Estimated Use of Cost Activity-Based Drivers per Overhead Product Rates Activity Cost Pools Cost Assigned Cost Assigned Machine setup $ $ $ $ Machining $ $ Packing $ $ Total assigned costs $ $ Compute the overhead cost per unit for each product. (Round answers to 2 decimal places, e.g. 12.25.) BC113 AD908 Overhead cost per unit $ $
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started