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State of Grace Firm is an architectural firm that uses activity-based costing. The three activity...

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Accounting

State of Grace Firm is an architectural firm that uses activity-based costing. The three activity cost pools used by State of Grace are: Salaries and Wages, Travel Expense, and Plan Reproduction Expense. The firm has provided the following information concerning activity and costs: Salaries and wages P360,000 Travel expense 100,000 Plan reproduction expense 120,000 Total P580,000

Activity Cost Pools Project Business Assignment Development Other Salaries and wages 60% 20% 20% Travel expense 35% 35% 30% Plan reproduction expense 40% 40% 20% Required: Calculate the total cost to be allocated to the (a) Project Assignment, (b) Business Development, and (c) Other activity cost pools.

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