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 Modeling Project Management department Supervision Billings Collections 1,500 contact hours 2,000 design hours 40,000 square feet $270,000 115,000 30,000 600 days 8 jobs 8 jobs $120,000 10,000 12,000 1. Using ABC, compute the firm's activity overhead rates. Form activity cost pools where appropriate. Activity Expected Costs Expected Activity Driver Activity Rate Client consultation $ 270,000 1,500 Contact hours $ 180.00 per contact hour Drawings 115,000 2,000 Design hours $ 57.50 per design hour Modeling 30,000 40,000 square feet $ 0.75 per square foot Supervision 120,000 600 Days $ 200.00 per day Billings/Collections 22,000 8 Jobs $ 2,750.00 per job 2. Assign costs to a 9,200-square-foot job that requires 450 contact hours, 340 design hours, and 200 days to complete. Activity driver ----------Activity rate---------- Overhead assigned incurred Client consultation $ 180.00 per contact hour 57.50 per design hour Drawings Modeling Supervision Billings/Collections