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. Activity Cost Pools Machine setup Machining Packing Annual Overhead Data Using the above data, do the following: Activity Cost Pools - Your answer is partially correct. Machine setup Machining Packing Cost Drivers Setups Machine hours Orders $ $ Estimated Overhead 22000 88020 33660 Estimated Overhead $22,000 143680 88,020 Prepare a schedule showing the computations of the activity-based overhead rates per cost driver. 33,660 Estimated Use of Cost Drivers per Product Estimated Use of Cost Drivers per Activity 44 44 4,890 Estimated Use of Cost Drivers per Activity 4890 510 Product BC113 machine hours 510 orders 1,200 setups $ 190 21 $ $ Product AD908 23 3,690 320 Activity-Based Overhead Rates per setup per machine hr. per order
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. Activity Cost Pools Machine setup Machining Packing Annual Overhead Data Using the above data, do the following: Activity Cost Pools - Your answer is partially correct. Machine setup Machining Packing Cost Drivers Setups Machine hours Orders $ $ Estimated Overhead 22000 88020 33660 Estimated Overhead $22,000 143680 88,020 Prepare a schedule showing the computations of the activity-based overhead rates per cost driver. 33,660 Estimated Use of Cost Drivers per Product Estimated Use of Cost Drivers per Activity 44 44 4,890 Estimated Use of Cost Drivers per Activity 4890 510 Product BC113 machine hours 510 orders 1,200 setups $ 190 21 $ $ Product AD908 23 3,690 320 Activity-Based Overhead Rates per setup per machine hr. per order
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter4: Activity-based Costing
Section: Chapter Questions
Problem 4CE: Larsen, Inc., produces two types of electronic parts and has provided the following data: There are...
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A 162.
![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.
Activity Cost Pools
Machine setup
Machining
Packing
Using the above data, do the following:
Machine
setup
Annual Overhead Data
Activity
Cost
Pools
Machining
Packing
$
Your answer is partially correct.
$
Cost Drivers
$
Setups
Machine hours
$
Orders
Cost
Assigned
Estimated
Overhead
eTextbook and Media
Prepare a schedule showing the computations of the activity-based overhead rates per cost driver.
* Your answer is incorrect.
22000
88020
Overhead cost per unit $
33660
Estimated
Overhead
143680
$22,000
88,020
33,660
BC113
Estimated Use of
Cost Drivers per Product
Estimated Use of Cost
Drivers per Activity
Estimated Use of Cost
Drivers per Product
Estimated Use of Cost
Drivers per Activity
Prepare a schedule assigning each activity's overhead cost to the two products.
44
4890
$
4,890
44
510
setups
machine
hours
510 orders
AD908
Product
BC113
AD908
1,200
Activity-Based
Overhead Rates
190
21
$
$
Compute the overhead cost per unit for each product. (Round answers to 2 decimal places, e.g. 12.25.)
$
Product
AD908
$
23
$
3,690
Activity-Based
Overhead Rates
320
Cost
Assigned
per
setup
per
machine
hr.
per
order](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcba05d60-d3bd-4808-bb9d-31b77b9f9189%2Fffaa2907-0750-4f04-85a2-765dc62205fe%2Fgu32e1c_processed.png&w=3840&q=75)
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.
Activity Cost Pools
Machine setup
Machining
Packing
Using the above data, do the following:
Machine
setup
Annual Overhead Data
Activity
Cost
Pools
Machining
Packing
$
Your answer is partially correct.
$
Cost Drivers
$
Setups
Machine hours
$
Orders
Cost
Assigned
Estimated
Overhead
eTextbook and Media
Prepare a schedule showing the computations of the activity-based overhead rates per cost driver.
* Your answer is incorrect.
22000
88020
Overhead cost per unit $
33660
Estimated
Overhead
143680
$22,000
88,020
33,660
BC113
Estimated Use of
Cost Drivers per Product
Estimated Use of Cost
Drivers per Activity
Estimated Use of Cost
Drivers per Product
Estimated Use of Cost
Drivers per Activity
Prepare a schedule assigning each activity's overhead cost to the two products.
44
4890
$
4,890
44
510
setups
machine
hours
510 orders
AD908
Product
BC113
AD908
1,200
Activity-Based
Overhead Rates
190
21
$
$
Compute the overhead cost per unit for each product. (Round answers to 2 decimal places, e.g. 12.25.)
$
Product
AD908
$
23
$
3,690
Activity-Based
Overhead Rates
320
Cost
Assigned
per
setup
per
machine
hr.
per
order
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