Activity-based costing (16 points) Blooming Idiot specializes in large floral bouquets for hotels and other commercial spaces. The company has provided the following data concerning its annual overhead costs and its activity-based costing system: Overhead costs: Wages and salaries $315.000 Administrative expenses 105,000 Total $420,000 Distribution of resource consumption: Activity Cost Pools Delivery Making bouquets other total wages/salaries 25% 65% 10% 100% administration 15% 55% 30% 100% Deliveries Activity measure Annual activity Miles driven 25,000 miles Making Bouquets Number of bouquets 15,000 bouquets The "Other" activity cost pool consists of organization-sustaining costs and are not assigned to jobs. 1. Calculate the overhead costs assigned to the deliveries and making bouquets (First-stage allocation) ANSWER IN WHOLE DOLLARS, NO PENNIES, COMMAS OR DOLLAR SIGNS!!! (for example, 317) Delivery Making Bouquets wages administration 2. Calculate the activity rates for the deliveries and making bouquets. ANSWER TO THE NEARSEST CENT, NO DOLLAR SIGNS!!! (for example, 1.25) Delivery Making Bouquets rate Job 1204 consisted of providing flowers for a wedding reception at a large hotel. The job was for 35 bouquets and required a total of 60 miles for delivery. 3. Calculate the total overhead cost assigned to Job 1204. ANSWER TO THE NEARSEST CENT, NO DOLLAR SIGNS!!! (for example, 1.25) Activity-based costing (16 points) Blooming Idiot specializes in large floral bouquets for hotels and other commercial spaces. The company has provided the following data concerning its annual overhead costs and its activity-based costing system: Overhead costs: Wages and salaries $315.000 Administrative expenses 105,000 Total $420,000 Distribution of resource consumption: Activity Cost Pools Delivery Making bouquets other total wages/salaries 25% 65% 10% 100% administration 15% 55% 30% 100% Deliveries Activity measure Annual activity Miles driven 25,000 miles Making Bouquets Number of bouquets 15,000 bouquets The "Other" activity cost pool consists of organization-sustaining costs and are not assigned to jobs. 1. Calculate the overhead costs assigned to the deliveries and making bouquets (First-stage allocation) ANSWER IN WHOLE DOLLARS, NO PENNIES, COMMAS OR DOLLAR SIGNS!!! (for example, 317) Delivery Making Bouquets wages administration 2. Calculate the activity rates for the deliveries and making bouquets. ANSWER TO THE NEARSEST CENT, NO DOLLAR SIGNS!!! (for example, 1.25) Delivery Making Bouquets rate Job 1204 consisted of providing flowers for a wedding reception at a large hotel. The job was for 35 bouquets and required a total of 60 miles for delivery. 3. Calculate the total overhead cost assigned to Job 1204. ANSWER TO THE NEARSEST CENT, NO DOLLAR SIGNS!!! (for example, 1.25)