Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Flynn Industries has three activity cost pools and two products. It expects to produce 2,550 units of Product BC113 and 1,340 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 expects to produce 2,550 units of Product BC113 and 1,340 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 Expected Use of Cost Drivers per Product Expected Use of Cost Product Drivers per Activity BC113 Estimated Overhead Product AD908 Cost Drivers 44 28 16 Activity Cost Pools Machine setup Machining Packing Setups Machine hours $20,856 96,280 33,462 4,814 3,618 1,196 125 Orders 507 382 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 Estimated Overhead Expected Use of Cost Drivers per Activity Activity-Based Overhead Rates Machine setup setups per setup Machining machine hours $ per machin hr. Packing orders per order ta $ Prepare a schedule assigning each activity's overhead cost to the two products. BC113 Activity Cost Pools Expected Use of Cost Drivers per Product Activity-Based Overhead Rates Cost Assigned Expected Use Drivers per F Machine setup TA Machining ta Packing Total assigned costs $ Compute the overhead cost per unit for each product. (Round answers to 2 decimal places, e.g. 12.25.) BC113 AD908 Overhead cost per unit ta $

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

Question

6. Use short-range goals to assist in achieving long-range goals.

Answered: 1 week ago

Question

6. Identify seven types of hidden histories.

Answered: 1 week ago

Question

What is the relationship between humans and nature?

Answered: 1 week ago