Question Help Curtis & Company is an architectural firm specializing in home remodeling for private clients and new office buildings for corporate clients. Curtis charges customers at a billing rate equal to 132% of the client's total job cost. A client's total job cost is a combination of (1) professional time spent on the client ($61 per hour cost of employing each professional) and (2) operating overhead allocated to the client's job. Curtis allocates operating overhead to jobs based on professional hours spent on the job. Curtis estimates its five professionals will incur a total of 10,000 professional hours working on client jobs during the year Click the icon to view the operating cost information) Allissa Lydon hired Curtis to design her kitchen remodeling. A total of 35 professional hours were incurred on this job. In addition, Lydon's remodeling job required one of the professionals to travel back and forth to her house for a total of 155 miles. The blueprints had to be copied four times because Lydon changed the plans several times. In addition, 21 hours of secretarial time were used lining up the subcontractors for the job Read the requirements Requirement 1. Calculate the current indirect cost allocation rate per professional hour. (Round your answer to the nearest cant) The current indirect cost allocation rate per professional hour is Requirement 2. Calculate the total amount that would be billed to Lydon given the current costing structure Determine the formula, then calculate the amount that would be billed to Lydon given the current costing structure. (Round all amounts to the nearest cont.) Amount billed to client Requirement 3. Calculate the activity cost allocation rates that could be used to allocate operating overhead costs to client jobs, Determine the formula, then calculate the activity cost allocation rates that could be used to allocate operating overhead costs to client jobs. (Round the rates to the nearest cent.) Determine the formula, then calculate the activity cost allocation rates that could be used to allocate operating overhead costs to client jobs. (Re the rates to the nearest cent.) Activity cost allocation rate Transportation to clients per mile Blueprint copying per copy Office support per secretarial hour Requirement 4. Calculate the amount that would be billed to Lyon using ABC costing Determine the formula, then calculate the amount that would be billed to Lydon using ABC costing. (Round all amounts to the nearest cent.) Amount billed to client Requirement 5. Which type of billing system is more fair to clients? Explain Choose from any list or enter any number in the input fields and then continue to the next question. mes Requirement 4. Calculate the amount that would be billed to Lydon using ABC costing Determine the formula, then calculate the amount that would be billed to Lydon using ABC costing. (Round all amounts to the nearest cent) Amount billed to client Requirement 5. Which type of biling system is more fair to clients? Explain. The billing system is more fair to clients because they are charged according to For example, copying blueprints is Under the fairer system, clients are charged blueprint copios that their job required. The fairer system better recognized the extent to which costs are incurred by each unique client job. Choose from any list or enter any number in the input fields and then continue to the next question Question Help Curtis & Company is an architectural firm specializing in home remodeling for private clients and new office buildings for corporate clients. Curtis charges customers at a billing rate equal to 132% of the client's total job cost. A client's total job cost is a combination of (1) professional time spent on the client ($61 per hour cost of employing each professional) and (2) operating overhead allocated to the client's job. Curtis allocates operating overhead to jobs based on professional hours spent on the job. Curtis estimates its five professionals will incur a total of 10,000 professional hours working on client jobs during the year Click the icon to view the operating cost information) Allissa Lydon hired Curtis to design her kitchen remodeling. A total of 35 professional hours were incurred on this job. In addition, Lydon's remodeling job required one of the professionals to travel back and forth to her house for a total of 155 miles. The blueprints had to be copied four times because Lydon changed the plans several times. In addition, 21 hours of secretarial time were used lining up the subcontractors for the job Read the requirements Requirement 1. Calculate the current indirect cost allocation rate per professional hour. (Round your answer to the nearest cant) The current indirect cost allocation rate per professional hour is Requirement 2. Calculate the total amount that would be billed to Lydon given the current costing structure Determine the formula, then calculate the amount that would be billed to Lydon given the current costing structure. (Round all amounts to the nearest cont.) Amount billed to client Requirement 3. Calculate the activity cost allocation rates that could be used to allocate operating overhead costs to client jobs, Determine the formula, then calculate the activity cost allocation rates that could be used to allocate operating overhead costs to client jobs. (Round the rates to the nearest cent.) Determine the formula, then calculate the activity cost allocation rates that could be used to allocate operating overhead costs to client jobs. (Re the rates to the nearest cent.) Activity cost allocation rate Transportation to clients per mile Blueprint copying per copy Office support per secretarial hour Requirement 4. Calculate the amount that would be billed to Lyon using ABC costing Determine the formula, then calculate the amount that would be billed to Lydon using ABC costing. (Round all amounts to the nearest cent.) Amount billed to client Requirement 5. Which type of billing system is more fair to clients? Explain Choose from any list or enter any number in the input fields and then continue to the next question. mes Requirement 4. Calculate the amount that would be billed to Lydon using ABC costing Determine the formula, then calculate the amount that would be billed to Lydon using ABC costing. (Round all amounts to the nearest cent) Amount billed to client Requirement 5. Which type of biling system is more fair to clients? Explain. The billing system is more fair to clients because they are charged according to For example, copying blueprints is Under the fairer system, clients are charged blueprint copios that their job required. The fairer system better recognized the extent to which costs are incurred by each unique client job. Choose from any list or enter any number in the input fields and then continue to the next
