Cardiff and Delp is an architectural firm that provides services
for residential construction projects. The following data pertain
to a recent reporting period.
Activities | Costs | ||||
Design department | |||||
Client consultation | 1,800 | contact hours | $ | 288,000 | |
Drawings | 1,600 | design hours | 96,000 | ||
Modeling | 47,000 | square feet | 39,950 | ||
Project management department | |||||
Supervision | 1,300 | days | $ | 299,000 | |
Billings | 6 | jobs | 9,600 | ||
Collections | 6 | jobs | 7,920 | ||
Required:
1. & 2. Using ABC, compute the firm's activity
overhead rates. Form activity cost pools where appropriate. Assign
costs to a 7,600 square foot job that requires 460 contact hours,
348 design hours, and 210 days to complete. (Round activity rate
answers to 2 decimal places.)
1. & 2.
Activity Cost Pool | Expected Costs $ | Expected Activity Driver | Activity Rates $ | Activity Driver Incurred | Overhead Assigned $ | ||
Client consultation | 288000 | 1800 | contract hours | 160.00 | per contract hour | 460 | 73600 |
Drawings | 96000 | 1600 | design hours | 60.00 | per design hour | 348 | 20880 |
Modelling | 39950 | 47000 | square feet | 0.85 | per square feet | 7600 | 6460 |
Supervision | 299000 | 1300 | days | 230.00 | per day | 210 | 48300 |
Billings/Collections | 17520 | 6 | jobs | 2920.00 | per job | 10 | 29200 |
Total overhead assigned $ | 178440 |
Billings/Collections = $9600 + $7920 = $17520
Cardiff and Delp is an architectural firm that provides services for residential construction projects. The following...
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