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Question 2: Job Costing Time: 20 minutes Total: 10 marks Lucky Designers provides landscape consulting services to clients that range from small businesses to large
Question 2: Job Costing Time: 20 minutes Total: 10 marks Lucky Designers provides landscape consulting services to clients that range from small businesses to large corporations. The budgeted rate charged to customers for consulting per hour is $100. The budgeted overhead for customer-support costs per hour is $45 and the budgeted other direct-cost pool rate is $25 per hour. The budgeted hourly rates charged to jobs are $30 for the architect and $15 for the assistants. Lucky Designers provides landscape consulting services to clients that range from small businesses to large corporations. The budgeted rate charged to customers for consulting per hour is $100. The budgeted overhead for customer-support costs per hour is $45 and the budgeted other direct-cost pool rate is $25 per hour. The budgeted hourly rates charged to jobs are $30 for the architect and $15 for the assistants. Jobs #200 and #201 for Yorkville University incurred 90 and 240 hours-respectively. Each job included one licensed architect and two assistants. The architect worked 12 hours on Job #200 and 60 hours on Job #201. a. Identify the cost objects b. Determine the costs of each job using budgeted overhead rates
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