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 1000 of Product AD908. Having

image 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 1000 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 BC113 Product AD90 Machine setup Setups $15.600 39 29 10 Machining Packing Machine hours Orders 16.190 5.070 1.000 3.990 30.250 550 200 350 Using the above data do the following Activity Cost Pools Estimated Overhead Machine setup Estimated Use of Cost Drivers per Activity) Activity Based Overhead Rates 15600 39 setups $ per 400 setup per Machining 66190 5070 machine hours $ 17 machin M Packing 30250 530 orders $ 35 urder 130040 Prepare a schedule assigning each activity's overhead cost to the two products. BC113 Activity Cost Pools Estimated Use of Cost Drivers per Product Activity-Based Overhead Rates Cost Assigned Ori Machine setup Machining Packing Total assigned costs Prepare a schedule assigning each activity's overhead cost to the two products AD908 Cost Assigned Estimated Use of Cost Drivers per Product Activity-Based Cost Overhead Rates Assigned $ $ $

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

Managerial accounting

Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin

1st edition

471467855, 978-0471467854

Students also viewed these Accounting questions

Question

What are some of the uses or applications of process models?

Answered: 1 week ago

Question

Documentation of the appraisal activities

Answered: 1 week ago

Question

Personal knowledge of and contact with each appraised individual

Answered: 1 week ago