Flynn Industries has three Activity Cost Pools and two products. It expects to produce 2,750 units of Product BC113 and 2,750 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 Estimated Pool Cost Drivers Overhead Machine Setup Setups 12,750 Machining Machine Hrs. 112,750 Packing Orders 32,750 Expected Use of Cost Drivers per Product Expected Use of Cost Product Product Drivers per Activity BC113 AD908 40 25 15 5,000 500 1,000 4,000 150 350 Using the above data, do the following: Prepare a schedule showing the computations of the Activity-Based Overhead rates per Cost Driver. (a) (b) Prepare a schedule assigning each activity's Overhead Cost to the two products. (c) Compute the Overhead Cost per unit for each product. (Round to nearest cent.) (d) Comment on the comparative Overhead Cost per product.

Flynn Industries has three Activity Cost Pools and two products. It expects to produce 2,750 units of Product BC113 and 2,750 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 Estimated Pool Cost Drivers Overhead Machine Setup Setups 12,750 Machining Machine Hrs. 112,750 Packing Orders 32,750 Expected Use of Cost Drivers per Product Expected Use of Cost Product Product Drivers per Activity BC113 AD908 40 25 15 5,000 500 1,000 4,000 150 350 Using the above data, do the following: Prepare a schedule showing the computations of the Activity-Based Overhead rates per Cost Driver. (a) (b) Prepare a schedule assigning each activity's Overhead Cost to the two products. (c) Compute the Overhead Cost per unit for each product. (Round to nearest cent.) (d) Comment on the comparative Overhead Cost per product.

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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