Flynn Industries has three activity cost pools and two products. It expects to p
ID: 2546457 • Letter: F
Question
Flynn Industries has three activity cost pools and two products. It expects to produce 2,560 units of Product BC113 activity cost pools and and 1,520 of Product AD908. Having identified its the cost drivers for each pool, Flynn accumulated the following data relative to those activity cost pools and cost drivers Expected Use of Cost Drivers per Product Expected Use of Cost Product Product Drivers per ActivityBC113 AD908 Annual Overhead Data Activity Cost Pools Machine setup Machining Packing Cost Drivers Setups Machine hours Orders Estimated Overhead $17,028 86,445 32,116 28 1,106 182 36 5,085 518 3,979 336 Using the above data, do the following: Your answer has been saved and sent for grading. See Gradebook for score details. Prepare a schedule showing the computations of the activity-based overhead rates per cost driver. Activity CostEstimated Expected Use of Cost Activity-Based Overhead Rates Pools Overhead Activit Machine setup 17028 86445 32116 135589 s 36 setups 473 per setup Machining so8s machine hours 17 per machine hr Packing 518 orders 62 per order By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor Attempts: 1 of 1 usedExplanation / Answer
Calculation of total overhead cost of BC113 and AD908: BC113 AD908 Activity cost pools Expected use of cost drivers per product(a) activity Based overhead rates(b) cost assigned(a*b)(in$) Expected use of cost drivers per product(c) activity Based overhead rates(d) cost assigned(c*d)(in$) Machine set up 28 set ups 473.00 13244 8 set ups 473.00 3784 Machining 1106 machine hours 17.00 18802 3979 machine hours 17.00 67643 Packing 182 orders 62.00 11284 336 orders 62.00 20832 Total assigned cost 43330 92259