Exercise 04-16 Using ABC in a service company LO P3 Cardiff and Delp is an architectural firm that provides services for residential construction projects. The following data pertain to a recent reporting period Activities costs Design department Client consultation 1,600 contact hours $304,000 Drawings 1,600 design hours 85,600 Modeling 46,000 square feet 36.800 Project management department Supervision 1900 days $135,000 Dillings 10 Jobs 9.500 Collections 10 jobs 18.900 Required: 1. & 2. Using ABC, compute the firm's activity overhead rates, Form activity cost pools where appropriate. Assign costs to a 8,200 square foot job that requires 480 contact hours, 346 design hours, and 180 days to complete. (Round activity rate answers to 2 decimal places.) Expected Costs Expected Activity Driver Activity Rate Activity Driver incurred Overhead Assigned Activity Client consultation Drawings Modeling Supervision Billings Collection Total overhead cost