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.)
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