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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 Modeling 1,200 contact hours $156,000 1,600 design hours 89,600 37,500 50,000 square feet Project management department Supervision Billings Collections 800 days 6 jobs 6 jobs $136,000 9,900 6,54 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 Drawings Modeling per contact hour per design hour per square foot per day per job 2. Assign costs to a 9,200 square foot job that requires 450 contact hours, 340 design hours, and 165 days to complete Activity driver Overhead assigned Activity rate incurred Client consultation Drawings Modeling Supervision Billings/Collections
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