Singh and Smythe 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 | 1,500 contact hours | $270,000 |
Drawings | 2,000 design hours | 115,000 |
Modeling | 40,000 square feet | 30,000 |
Project management department |
|
|
Supervision | 600 days | $120,000 |
Billings | 8 jobs | 10,000 |
Collections | 8 jobs | 12,000 |
Required
1. Using ABC, compute the firm’s activity overhead rates. Form activity cost pools where appropriate.
2. Assign costs to a 9,200 square foot job that requires 450 contact hours, 340 design hours, and 200 days to complete.
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