1) March Corporation is a general contractor with two divisions: Interior Renovations and Exterior Renovations. Each division has an on-site supervisor who is paid a salary of $165,000 annually and one salaried estimator who is paid $90,000 annually. The corporate office has two office administrative assistants who are paid salaries of $75,000 and $55,000 annually. The president's salary is $200,000. How much of these salaries are common fixed expenses?

You must enter your answer in the following format: $x,xxx

2)

Correctly order the five steps for implementing activity-based costing. From 1 - 5 in order.

- Prepare management reports

- Define activities, activity cost pools, and activity measures

- Assign overhead costs to cost objects using the activity rates and activity measures

- Calculate activity rates

- Assign overhead costs to avtivity cost pools.