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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. Please prepare the AD908 I have attached in pictures below 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 AD908 Machine setup   Setups   $16,400   41   20   21 Machining   Machine hours   111,320   4,840   1,060   3,780 Packing   Orders   28,800   450   170   280

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. Please prepare the AD908 I have attached in pictures below 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 AD908 Machine setup   Setups   $16,400   41   20   21 Machining   Machine hours   111,320   4,840   1,060   3,780 Packing   Orders   28,800   450   170   280

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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. Please prepare the AD908 I have attached in pictures below

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
AD908
Machine setup   Setups   $16,400   41   20   21
Machining   Machine hours   111,320   4,840   1,060   3,780
Packing   Orders   28,800   450   170   280


Using the above data, do the following:

Prepare a schedule assigning each activity's overhead cost to the two products. AD908 Cost Estimated Use of Cost Activity-Based Cost Assigned Drivers per Product Overhead Rates Assigned $ $ Compute the overhead cost per unit for each product. (Round answers to 2 decimal places, e.g. 12.25.) ВС113 AD908 Overhead cost per unit %24 %24 %24 %24 %24 %24 %24
Transcribed Image Text:Prepare a schedule assigning each activity's overhead cost to the two products. AD908 Cost Estimated Use of Cost Activity-Based Cost Assigned Drivers per Product Overhead Rates Assigned $ $ Compute the overhead cost per unit for each product. (Round answers to 2 decimal places, e.g. 12.25.) ВС113 AD908 Overhead cost per unit %24 %24 %24 %24 %24 %24 %24
Prepare a schedule assigning each activity's overhead cost to the two products. ВС113 Activity-Based Activity Cost Pools Estimated Use of Cost Cost Es Drivers per Product Overhead Rates Assigned Machine setup 2$ 2$ Machining $ Packing Total assigned costs $ Compute the overhead cost per unit for each product. (Round answers to 2 decimal places, e.g. 12.25.) ВС113 AD908 Overhead cost per unit $ $
Transcribed Image Text:Prepare a schedule assigning each activity's overhead cost to the two products. ВС113 Activity-Based Activity Cost Pools Estimated Use of Cost Cost Es Drivers per Product Overhead Rates Assigned Machine setup 2$ 2$ Machining $ Packing Total assigned costs $ Compute the overhead cost per unit for each product. (Round answers to 2 decimal places, e.g. 12.25.) ВС113 AD908 Overhead cost per unit $ $
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