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recent reporting period. Design department Client consultation Provicies Services for residential construction projects. The following data pertain to a Activities Costs 1,500 contact hours $285,000 Drawings 2,400 design hours 138,000 Modeling Supervision 53,000 square feet 37,100 Project management department 900 days $189,000 Billings Collections 12 jobs 12 jobs 8,200 23,120 Required: 1. & 2. Using ABC, compute the firm's activity overhead rates. Form activity cost pools where appropriate. Assign costs to a 8,200 square foot job that requires 440 contact hours, 358 design hours, and 170 days to complete. (Round activity rate answers to 2 decimal places.) Activity Expected Costs Expected Activity Driver Activity Rate Client consultation $ 285,000 1,500 Contact hours Drawings 138,000 2,400 Design hours Modeling Supervision Billings/Collection 37,100 53,000 Square feet $ 0.70 per square feet 189,000 900 Days $ 210.00 per day 8,200 12 Jobs $ 683.33 per job Activity Driver Overhead Incurred Assigned Total overhead cost

recent reporting period. Design department Client consultation Provicies Services for residential construction projects. The following data pertain to a Activities Costs 1,500 contact hours $285,000 Drawings 2,400 design hours 138,000 Modeling Supervision 53,000 square feet 37,100 Project management department 900 days $189,000 Billings Collections 12 jobs 12 jobs 8,200 23,120 Required: 1. & 2. Using ABC, compute the firm's activity overhead rates. Form activity cost pools where appropriate. Assign costs to a 8,200 square foot job that requires 440 contact hours, 358 design hours, and 170 days to complete. (Round activity rate answers to 2 decimal places.) Activity Expected Costs Expected Activity Driver Activity Rate Client consultation $ 285,000 1,500 Contact hours Drawings 138,000 2,400 Design hours Modeling Supervision Billings/Collection 37,100 53,000 Square feet $ 0.70 per square feet 189,000 900 Days $ 210.00 per day 8,200 12 Jobs $ 683.33 per job Activity Driver Overhead Incurred Assigned Total overhead cost

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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recent reporting period. Design department Client consultation Provicies Services for residential construction projects. The following data pertain to a Activities Costs 1,500 contact hours $285,000 Drawings 2,400 design hours 138,000 Modeling Supervision 53,000 square feet 37,100 Project management department 900 days $189,000 Billings Collections 12 jobs 12 jobs 8,200 23,120 Required: 1. & 2. Using ABC, compute the firm's activity overhead rates. Form activity cost pools where appropriate. Assign costs to a 8,200 square foot job that requires 440 contact hours, 358 design hours, and 170 days to complete. (Round activity rate answers to 2 decimal places.) Activity Expected Costs Expected Activity Driver Activity Rate Client consultation $ 285,000 1,500 Contact hours Drawings 138,000 2,400 Design hours Modeling Supervision Billings/Collection 37,100 53,000 Square feet $ 0.70 per square feet 189,000 900 Days $ 210.00 per day 8,200 12 Jobs $ 683.33 per job Activity Driver Overhead Incurred Assigned Total overhead cost
Transcribed Image Text:recent reporting period. Design department Client consultation Provicies Services for residential construction projects. The following data pertain to a Activities Costs 1,500 contact hours $285,000 Drawings 2,400 design hours 138,000 Modeling Supervision 53,000 square feet 37,100 Project management department 900 days $189,000 Billings Collections 12 jobs 12 jobs 8,200 23,120 Required: 1. & 2. Using ABC, compute the firm's activity overhead rates. Form activity cost pools where appropriate. Assign costs to a 8,200 square foot job that requires 440 contact hours, 358 design hours, and 170 days to complete. (Round activity rate answers to 2 decimal places.) Activity Expected Costs Expected Activity Driver Activity Rate Client consultation $ 285,000 1,500 Contact hours Drawings 138,000 2,400 Design hours Modeling Supervision Billings/Collection 37,100 53,000 Square feet $ 0.70 per square feet 189,000 900 Days $ 210.00 per day 8,200 12 Jobs $ 683.33 per job Activity Driver Overhead Incurred Assigned Total overhead cost
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