1 answer

Singh and Smythe is an architectural firm that provides services for residential construction projects. The following...

Question:

Singh and Smythe is an architectural firm that provides services for residential construction projects. The following data peClient consultation 198,000 1,800 Contact hours 110.00 per contact hour Drawings 74,200 1,400 Design hours 53.00 per design h

Singh and Smythe is an architectural firm that provides services for residential construction projects. The following data pertain to a recent reporting period. (Round activity rate answers to 2 decimal places.) Activities Costs Design department Client consultation Drawings Modeling Project management department Supervision Billings Collections 1,800 contact hours 1,400 design hours 42,000 square feet $198,000 74,200 35,700 $216,000 8,900 16,200 1,200 days 1e jobs 10 jobs 1. Using ABC, compute the fim's activity overhead rates. Form activity cost pools where appropriate. Activity Rate Expected Costs 198.000 74200 35.700 Expected Activity Driver Activity 110.00 per contact hour 1800 Contact hours Client consultation 53.00 per design hour 1 400 Design hours Drawings 0.86 per square foot 42.000 Square feet 1200 Days 10 Jobs Modeling 180 00 per day S 216,000 Supervision 2.510.00 per job 25.100 Billings Collections 2. Assign costs to a 8,000 square foot job that requires 420 contact hours, 342 design hours, and 220 days to complete,
Client consultation 198,000 1,800 Contact hours 110.00 per contact hour Drawings 74,200 1,400 Design hours 53.00 per design hour Modeling 35,700 42,000 Square feet $ 0.85 per square foot 180.00 per day Supervision 216,000 1,200 Days S Billings/Collections 25,100 10 Jobs 2510 00 per job 2. Assign costs to a 8,000 square foot job that requires 420 contact hours, 342 design hours, and 220 days to complete. Activity driver incurred Overhead assigned Activity rate- Client consultation 46,200 S Drawings 18,126 0.85 per square foot 8,000 6.800 Modeling 180.00 per day Supervision Billings/Collections 1 of 1

Answers

Solution 2:

Computation of overhead assigned to Job
Activity Activity rate Activity driver incurred Overhead assigned
Client Consultation $100.00 per contract hour 420 $42,000.00
Drawings $53.00 per design hour 342 $18,126.00
Modeling $0.85 per square feet 8000 $6,800.00
Supervision $180.00 per day 220 $39,600.00
Billings / Collections $2,510.00 per job 1 $2,510.00
Total $109,036.00
.

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