Question
Singh and Smythe is an architectural firm that provides services for residential construction projects. The following data pertain to a recent reporting period. (Round activity
Singh and Smythe is an architectural firm that provides services for residential construction projects. The following data pertain to a recent reporting period. (Round activity rate answers to 2 decimal places.) Activities Costs Design department Client consultation Drawings 2,000 contact hours 2,400 design hours $340,000 140,400 Modeling 45,000 square feet 36,000 Project management department Supervision 600 days $120,000 Billings 5 jobs 9,600 Collections 5 jobs 4,650 1. Using ABC, compute the firm's activity overhead rates. Form activity cost pools where appropriate. Activity Expected Costs Expected Activity Driver Client consultation Drawings Modeling Supervision Billings/Collections Activity Rate. per contact hour per design hour per square foot per day per job 2. Assign costs to a 6,800 square foot job that requires 520 contact hours, 346 design hours, and 170 days to complete.. Client consultation Drawings Modeling Supervision Billings/Collections Activity rate Activity driver incurred Overhead assigned
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