Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

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 Activity Cost Pools Cost Drivers Estimated Overhead Estimated Use of Cost Drivers per Activity Product Product BC113 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 Cost Pools Machine $ setup Machining Packing Estimated Overhead eTextbook and Media Estimated Use of Cost Drivers per Activity Activity-Based Overhead Rates per setups $ setup per machine $ machine hours hr. per orders order Prepare a schedule assigning each activity's overhead cost to the two products. BC113 Activity Cost Pools Estimated Use of Cost Drivers per Product Machine setup Machining Packing Total assigned costs eTextbook and Media $ $ $ Activity-Based Overhead Rates Cost Assigned Estima Drive $ Estimated Use of Cost Drivers per Product AD908 Activity-Based Overhead Rates Cost Assigned +A tA SA I Compute the overhead cost per unit for each product. (Round answers to 2 decimal places, eg 12.25) BC113 Overhead cost per unit eTextbook and Media AD908

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

Cost Accounting A Managerial Emphasis

Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav

14th Edition

978-0132960649, 132960648, 132109174, 978-0132109178

More Books

Students also viewed these Accounting questions

Question

Use the Rodrigues formula to prove (5.47). Pk(1) = 1. (5.47)

Answered: 1 week ago

Question

Distinguish between the manifest and latent content of dreams.

Answered: 1 week ago