Question

Question 9

Flynn Industries has three activity cost pools and two products. It expects to produce 3,200 units of Product BC113 and 1,830 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						Expected Use of Cost Drivers per Product
Activity Cost Pools		Cost Drivers		Estimated Overhead		Expected Use of Cost Drivers per Activity		Product BC113		Product AD908
Machine setup		Setups		$14,910		35		27		8
Machining		Machine hours		87,372		4,854		1,182		3,672
Packing		Orders		26,564		458		191		267

Using the above data, do the following:

(a)

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Prepare a schedule showing the computations of the activity-based overhead rates per cost driver.

Activity Cost Pools		Estimated Overhead		Expected Use of Cost Drivers per Activity			Activity-Based Overhead Rates
Machine setup		$			setups		$	per setup
Machining					machine hours		$	per machine hr.
Packing					orders		$	per order
		$

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(b)

Prepare a schedule assigning each activity’s overhead cost to the two products.

BC113

AD908

Activity Cost Pools

Expected Use of Cost Drivers per Product

Activity-Based Overhead Rates

Cost Assigned

Expected Use of Cost Drivers per Product

Activity-Based Overhead Rates

Cost Assigned

Machine setup

$

$

$

$

Machining

$

$

Packing

$

$

Total assigned costs

$

$

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Answer 1