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. Please prepare the AD908 I have attached in pictures belowAnnual Overhead Data Estimated Use ofCost Drivers per ProductActivity Cost Pools Cost Drivers EstimatedOverhead Estimated Use of CostDrivers per Activity ProductBC113 ProductAD908Machine setup Setups $16,400 41 20 21Machining Machine hours 111,320 4,840 1,060 3,780Packing Orders 28,800 450 170 280Using the above data, do the following: Prepare a schedule assigning each activity's overhead cost to the two products.AD908CostEstimated Use of CostActivity-BasedCostAssignedDrivers per ProductOverhead RatesAssigned$$Compute the overhead cost per unit for each product. (Round answers to 2 decimal places, e.g. 12.25.)ВС113AD908Overhead cost per unit%24%24%24%24%24%24%24 Prepare a schedule assigning each activity's overhead cost to the two products.ВС113Activity-BasedActivity CostPoolsEstimated Use of CostCostEsDrivers per ProductOverhead RatesAssignedMachine setup2$2$Machining$PackingTotal assigned costs$Compute the overhead cost per unit for each product. (Round answers to 2 decimal places, e.g. 12.25.)ВС113AD908Overhead cost per unit$$

Under activity based overhead rate costing, each activity is assigned separate overhead cost…

Answered: Flynn Industries has three activity…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 4MC: Overhead costs are assigned to each product based on __________________. A. the proportion of that...

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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. Please prepare the AD908 I have attached in pictures below

Annual Overhead Data	Estimated Use of Cost Drivers per Product
Activity Cost Pools	Cost Drivers	Estimated Overhead	Estimated Use of Cost Drivers per Activity	Product BC113	Product AD908
Machine setup	Setups	$16,400	41	20	21
Machining	Machine hours	111,320	4,840	1,060	3,780
Packing	Orders	28,800	450	170	280