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Fancy Flange Company manufactures a variety of special flanges for numerous customers. Annual? capacity-related (manufacturing? overhead) costs are $5,400,000 and the practical capacity level of machine hours is 160,000. The company uses planned machine hours as the cost driver in determining the plantwide cost driver rate. Until last? year, the company used approximately 90,000 machine hours per year. Last? year, competition increased and demand for the? company's flanges fell. In the face of continuing? competition, the company estimates that it will use 75,000 machine hours in the coming year. The company sets its prices at 170?% of production cost per unit.
Question 1: What is likely to happen if demand decreases further and Fancy Flange continues to recompute its cost driver rate using the same? approach?
Question 2: Advise the company on choosing a cost driver quantity for computing cost driver rates and explain why you advocate your choice of quantity.
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