Exercise 17-16 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 Drawings Modeling Project management department Supervision Billings Collections 1,600 contact hours 2,200 design hours 53,000 square feet $ 160,000 128,700 37,100 1, 100 days 9 jobs 9 jobs $ 209,000 8,900 14,590 Required: 1. & 2. Using ABC, compute the firm's activity overhead rates. Form activity cost pools where appropriate. Assign costs to a 7,800- square-foot job that requires 440 contact hours, 342 design hours, and 135 days to complete. (Round activity rate answers to 2 decimal places.) Answer is complete but not entirely correct. Activity Activity Rate $ Expected Costs $ 160,000 128,700 37.100 209,000 Client consultation Drawings Modeling Supervision Billings/Collection Expected Activity Driver 1,600 Contact hours 2,200 Design hours 53,000 Square feet 1,100 Days $ $ 100.00 per contact hour 58.50 per design hour 0.70 per square feet 190.00 per day 0.11 per job Activity Driver Overhead Incurred Assigned 440$ $ 44,000 342 20,007 7.800 5,460 135 25,650 1 0 Total overhead cost $ 1 x 9 Jobs $