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 ADP08. Having identified

image text in transcribed
image text in transcribed
image 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 ADP08. 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 Annual Overhead Data Cost Drivers per Product Estimated Estimated Use of Cost Product Product Activity Cost Pools Cost Drivers Overhead Drivers per Activity BC113 AD908 Machine setup Setups $14,800 37 27 10 Machining Machine hours 82,080 5.130 1,040 4,090 Packing Orders 26,000 500 120 380 Using the above data, do the following: Prepare a schedule showing the computations of the activity-based overhead rates per cost driver. Activity Cost Estimated Estimated Use of Cost Pools Overhead Drivers per Activity Machine setup $ setups Machining machine hours $ Activity-Based Overhead Rates per setup $ per machine hr. Packing orders $ per 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 Activity-Based Overhead Rates Cost Assigned Estimated Use of Cost Drivers per Product AD908 Activity-Based Overhead Rates Cost Assigned Machine setup $ $ $ $ Machining $ Packing $ $ Total assigned costs $ $ Compute the overhead cost per unit for each product. (Round answers to 2 decimal places, es 12.25) BC113 AD908 $ Overhead cost per unit $

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