Cardiff and Delp is an architectural firm that provides services for residential construction projects. The...
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Accounting
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
1,700
contact hours
$
272,000
Drawings
2,600
design hours
154,700
Modeling
42,000
square feet
35,700
Project management department
Supervision
600
days
$
126,000
Billings
7
jobs
9,200
Collections
7
jobs
11,310
Required:1. & 2. Using ABC, compute the firm's activity overhead rates. Form activity cost pools where appropriate. Assign costs to a 9,200 square foot job that requires 480 contact hours, 356 design hours, and 145 days to complete. (Round activity rate answers to 2 decimal places.)
Activity
Expected Costs
Expected Activity Driver
Activity Rate
Activity Driver Incurred
Overhead Assigned
Client consultation
Drawings
Modeling
Supervision
Billings/Collection
Total overhead cost
Answer & Explanation
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