Question 1 Flynn Industries has three activity cost pools and two products. It e

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Question 1 Flynn Industries has three activity cost pools and two products. It expects to produce 2,560 units of Product BC113 and 1,520 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. Expected Use of Cost Drivers per Product Expected Use of Cost Product Product Drivers per Activity BC113 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 36 28 5,085 1,106 3,979 182 336 518 Using the above data, do the following: (a) Prepare a schedule showing the computations of the activity-based overhead rates per cost driver Estimated Overhead Activity Cost Expected Use of Cost Drivers per Activity Activity-Based Overhead Rates Pools Machine setup Machining Packing setups machine hours orders per setup per machine hr 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: o of 1 used SAVE FOR LATER SURMIT ANSWER Earn Maximum Points available only if you answer this question

Explanation / Answer

Calculation of overhead cost per cost driver: Activity cost pools Estimated overhead(a) Estimated cost driver(b) activity rates((a)/(b)) Machine setup 17028 36 setups 473.00 Machining 86445 5085 machine hours 17.00 Packing 32116 518 orders 62.00 Total cost 135589

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