Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

i need the answers to the two boxes that are not filled out for req 4. please bold answer if possible. nur Emerson & Company

i need the answers to the two boxes that are not filled out for req 4. please bold answer if possible. image text in transcribed
image text in transcribed
nur Emerson & Company is an architectural firm specializing in home remodeling for private clients and new office buildings Annie Laughlin hired Emerson to for corporate clients. Emerson charges customers at a billing rate equal to 136% of the client's total job cost. A client's job. In addition, Laughlin's remode total job cost is a combination of (1) professional time spent on the client ($67 per hour cost of employing each total of 140 miles. The blueprints professional) and (2) operating overhead allocated to the client's job. Emerson allocates operating overhead to jobs addition, 22 hours of secretarial tim based on professional hours spent on the job. Emerson estimates its five professionals will incur a total of 10,000 professional hours working on client jobs during the year. Read the requirements Click the icon to view the operating cost information.) U U U U U U U U V W www ww wv wwwturul Data Ta Total cost of job Markup percentage Amount billed to client $ 2,882.00 136% 3,647.52 secretarial s Requirement 3. Calculate the activity cost allocation rates that could be used to allocate operating overhead costs to client jobs. activity costs Determine the formula, then calculate the activity cost allocation rates that could be used to allocate operating overhead costs to client jobs Total activity cost pool Total activity allocation base - Activity cost allocation rate Activity $ 6,000 15,000 S Transportation to clients Transporation 0.40 per mile clients Blueprint copying $ 33,000 1,000 $ 33.00 per copy Blueprint cop Office support $ 185,000 5,000 $ 37.00 per secretarial hour Office suppor Requirement 4. Calculate the amount that would be billed to Laughlin using ABC costing, Total operatin overhead Determine the formula, then calculate the amount that would be billed to Laughlin using ABC costing, (Round all amounts to the nearest con Total cost of job Markup percentage Amount billed to client 136% Choose from any list or enter any number in the input fields and then click Check Answer Clear All parts ce buildings A client's ach to jobs 0.000 Annie Laughlin hired Emerson to design her kitchen remodeling. A total of 30 professional hours were incurred on this job. In addition, Laughlin's remodeling job required one of the professionals to travel back and forth to her house for a total of 140 miles. The blueprints had to be copied four times because Laughlin changed the plans several times. In addition, 22 hours of secretarial time were used lining up the subcontractors for the job. Read the requirements. wwww Data Table ead costs to client jobs. ating overhead costs to client jobs. wity cost allocation rate 40 per mile secretarial salaries, office lease, and so forth) can be assigned to the three activities. Total activity costs, cost drivers, and total usage of those cost drivers are estimated as follows: Total Total Usago by Activity Corporate Total Usage by Activity Cost Cost Driver Clients Private Clients Transporation to Round-trip mileage to clients 6,000 clients 3,000 miles 12.000 miles Blueprint copying.... 33,000 Number of copies 600 copies 400 copios 2.800 secretarial 2,200 secretarial 185,000 Secretarial time hours hours Office support Total operating $ 224,000 overhead $ 3.00 per copy 37.00 per secretarial hour Round all amounts to the nearest con Print Done Check

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Study Guide Working Papers For College Accounting, Chapters 1-9

Authors: James A. Heintz, Robert W. Parry

23rd Edition

0357474740, 9780357474747

More Books

Students also viewed these Accounting questions