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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 Activity Cost Pools Machine setup Machining Packing Cost Drivers Setups Machine hours Orders Estimated Overhead $26,400 82,790 34,170 Estimated Use of Cost Drivers per Product Estimated Use of Cost Drivers per Activity 44 4,870 510 Product BC113 26 1.190 170 Product AD908 18 3,680 340

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 Activity Cost Pools Machine setup Machining Packing Cost Drivers Setups Machine hours Orders Estimated Overhead $26,400 82,790 34,170 Estimated Use of Cost Drivers per Product Estimated Use of Cost Drivers per Activity 44 4,870 510 Product BC113 26 1.190 170 Product AD908 18 3,680 340

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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 Activity Cost Pools Machine setup Machining Packing Cost Drivers Setups Machine hours Orders Using the above data, do the following Estimated Overhead $26,400 82,790 34,170 Estimated Use of Cost Drivers per Product Estimated Use of Cost Drivers per Activity 44 4,870 510 Product BC113 26 1.190. 170 Product AD908 18 3,680 340
Transcribed Image Text: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 Activity Cost Pools Machine setup Machining Packing Cost Drivers Setups Machine hours Orders Using the above data, do the following Estimated Overhead $26,400 82,790 34,170 Estimated Use of Cost Drivers per Product Estimated Use of Cost Drivers per Activity 44 4,870 510 Product BC113 26 1.190. 170 Product AD908 18 3,680 340
5 (b) Prepare a schedule assigning each activity's overhead cost to the two products. Activity Cost Pools Machine setup Machining Packing Total assigned costs (b) Estimated Use of Cost Drivers per Product Cost Assigned $ $ BC113 Activity-Based Overhead Rates Estimated Use of Cost Drivers per Product 600 17 Prepare a schedule assigning each activity's overhead cost to the two products. 67 AD908 $ $ Activity-Based Overhead Rates Cost Assigned $ Cost Assigned Estima Driver
Transcribed Image Text:5 (b) Prepare a schedule assigning each activity's overhead cost to the two products. Activity Cost Pools Machine setup Machining Packing Total assigned costs (b) Estimated Use of Cost Drivers per Product Cost Assigned $ $ BC113 Activity-Based Overhead Rates Estimated Use of Cost Drivers per Product 600 17 Prepare a schedule assigning each activity's overhead cost to the two products. 67 AD908 $ $ Activity-Based Overhead Rates Cost Assigned $ Cost Assigned Estima Driver
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