Answered step by step
Verified Expert Solution
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 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. Estimated Use of Cost Drivers per Product Estimated Use of Cost Product Product Annual Overhead Data Estimated Overhead $18,500 106,920 35,640 Drivers per Activity Activity Cost Pools Machine setup Machining Packing Cost Drivers Setups Machine hours Orders BC113 AD908 37 4,860 540 26 1,180 180 3,680 360 Using the above data, do the following Prepare a schedule showing the computations of the activity-based overhead rates per cost driver Activity Cost EstimatedEstimated Use of Cost Machine setup Machining Packing Activity-Based Overhead Rates Pools Overhead Drivers per Activity 18,500 106,920 35,640 161,060 37 setups 500 per setup 4,860 machine hours 22 per machine hr 40 orders 66 per order
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