Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Do It! Review 4-2 a-c Flynn Industries has three activity cost pools and two products. It estimates production 2,000 units of Product BC113 and 1,000

image text in transcribed
image text in transcribed
image text in transcribed
Do It! Review 4-2 a-c Flynn 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, Flynn accumulated the following data relative to those activity cost pools and cost drivers. Annual Overhead Data Estimated Overhead Product AD908 Activity Cost Pools Machine setup Machining Packing Cost Drivers Setups Machine hours Orders Estimated Use of Cost Drivers per Product Estimated Use of Cost Product Drivers per Activity BC113 38 24 4,950 1,080 530 200 $19,000 84,150 31,800 14 3,870 330 Using the above data, do the following: Your answer is partially correct. Try again. 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 Machine setup 19000 38 setups 500 per setup 51 $ Machining 84150 4950 machine hours 17 per machine hr. CALCULATOR PRINTER VERSION 4 Using the above data, do the following: Your answer is partially correct. Try again. 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 19000 38 setups 500 per setup Machining 84150 4950 machine hours 17 per machine hr. Packing 31800 530 orders 60 per order Your answer is partially correct. Try again. Prepare a schedule assigning each activity's overhead cost to the two products. BC113 AD908 Estimated Mia of cost Estimated Use of Cost Activity Rased Activity-Based Prepare a schedule assigning each activity's overhead cost to the two products. BC113 AD908 Activity Cost Pools Estimated Use of Cost Drivers per Product Activity-Based Overhead Rates Estimated Use of Cost Drivers per Product Cost Assigned Activity-Based Overhead Rates Cost Assigned X Machine setup 12000 7000 x Machining 18360 65790 Packing 12000 19800 Total assigned costs 42360 92590 Your answer is partially correct. Try again. 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 21:18

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

Step: 3

blur-text-image

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

More Books

Students also viewed these Accounting questions

Question

c. What is the estimate of ?

Answered: 1 week ago