They said to ask the 2nd part of my question again because they only do 1 part at a time. Gallatin Carpet Cleaning is a small, famly-owned business operating out of Bozeman, Montana. For Its services, the company hasalways charged a flat fee per hundred square feet of carpet cleaned. The current fee Is $22.25 per hundred square feet. However,there Is some question about whether the company Is actually making any money on Jobs for some customers-particularly thoselocated on remote ranches that require considerable travel time. The owner's daughter, home for the summer from college, hassuggested Investigating this question using activity-based costing. After some discussion, she designed a simple system consisting offour activity cost pools. The activity cost pools and their activity measures appear below:Activity Cost PoolCleaning carpetsTravel to jobsJob supportOther (organization-sustaining costs and idlecapacity costs)Activity MeasureSquare feet cleaned (90s)Activity for the Year-13,500 hundred square feet300,000 miles1,700 jobsMiles drivenNumber of jobsNoneNot applicableThe total cost of operating the company for the year is $347,000 which Includes the following costs:24WagesCleaning suppliescleaning equipment depreciationVehicle expenses144,00032,0008,00026, 00056, 000office expenses81, eee$ 347, 000President's compensationTotal costResource consumption is distributed across the activitles as follows:Distribution of Resource Consumption Across ActivitiesCleaningTravelCarpets78%to Jobs11%Job Support Other11%TotalwagesCleaning suppliesCleaning equipment depreciationVehicle expensesOffice expensesPresident's compensation0%1e0%100%1ee%70%0%0%30%1e0%81%19%100%0% e%64%36%0%33%67%100%Job support consists of recetving calls from potential customers at the home office, scheduling Jobs. billing, resolving sues, and soon.Required:1. Prepare the first-stage allocation of costs to the activity cost pools.2 Compute the activity rates for the activity cost pools.3 The company recently completed a 200 square foot carpet-cleaning Job at the Flying N Ranch-a 55-mile round-trip journey fromthe company's offices In Bozeman. Compute the cost of this Job using the activity-based costing system.

Solution: -1 Allocation of costs to the activity cost pools Particulars Cleaning carpets…

Answered: Required: 1 Prepare the first-stage…

Required: 1 Prepare the first-stage allocation of costs to the activity cost pools. 2 Compute the activity rates for the activity cost pools.

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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