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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
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 Use of Cost Drivers per Product Estimated Activity Cost Pools Cost Drivers Overhead Estimated Use of Cost Drivers per Activity Product BC113 Product AD908 Machine setup Setups $22,000 44 23 21 Machining Machine hours 97,200 4,860 1,150 3,710 Packing Orders 30,080 470 100 370 Using the above data, do the following: Prepare a schedule showing the computations of the activity-based overhead rates per cost driver. Activity Estimated Cost Overhead Pools Machine setup Machining Packing Estimated Use of Cost Drivers per Activity setups Activity-Based Overhead Rates per setup per machine hours machine hr. per orders order Prepare a schedule assigning each activity's overhead cost to the two products. Activity Cost Pools Estimated Use of Cost Drivers per Product Machine setup Machining Packing Total assigned costs $ $ $ BC113 Activity-Based Overhead Rates Cost Assigned Estima Drive $ AD908 Activity-Based Overhead Rates Prepare a schedule assigning each activity's overhead cost to the two products. Cost Assigned Estimated Use of Cost Drivers per Product $ +A +A Cost Assigned $ +A $ Compute the overhead cost per unit for each product. (Round answers to 2 decimal places, e.g. 12.25.) Overhead cost per unit $ BC113 AD908
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