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Andy and Barney is an architectural firm that provides services for residential construction projects. The following data pertain to a recent reporting period: Activities Client

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Andy and Barney is an architectural firm that provides services for residential construction projects. The following data pertain to a recent reporting period: Activities Client consultation Drawings Modeling Billing and collections Total overhead costs REQUIRED Costs $250,000 $360,000 $450,000 S 60.000 S1.120,000 Cost Driver 2,000 contact hours 10,000 design hours 300,000 square feet 10 jobs 1) Compute the company-wide predetermined overhead allocation rate using contact hours as the allocation base. 2) Using the rate computed in (1), assign costs to the Aunt Bee job which had 200 contact hours. 3)-6) Using activity based costing, compute the firm's activity overhead rates: 3) Client consultation 4) Drawings 5) Modeling 6) Billing and collections 7) Using the activity based costing overhead rates computed in 3)-6), assign costs to this one Aunt Bee job that requires 200 contact hours, 140 design hours, and 7,000 sqare feet 3) Cilent consultation 4) Drawings 5) Modeling 6) Billing and collections 7) Using the activity based costing overhead rates computed in 3)-6), assign costs to this one Aunt Bee job that requires 200 contact hours, 140 design hours, and 7,000 sqare feet

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