answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
atroni [7]
2 years ago
5

Cardiff and Delp is an architectural firm that provides services for residential construction projects. The following data perta

in to a recent reporting period. (Round activity rate answers to 2 decimal places.)
Activities Costs
Design department
Client consultation 2,100 contact hours $ 315,000
Drawings 1,800 design hours 104,400
Modeling 46,000 square feet 32,200
Project
management
department
Supervision 1,200 days $ 228,000
Billings 8 jobs 8,300
Collections 8 jobs 13,140
Required: 1. & 2. Using ABC, compute the firm's activity overhead rates. Form activity cost pools where appropriate. Assign costs to a 7,400-square-foot job that requires 410 contact hours, 352 design hours, and 195 days to complete. (Round activity rate answers to 2 decimal places.)
Business
1 answer:
Ganezh [65]2 years ago
3 0

Answer:

Activity Rates

Consultation  $150

Drawings        $58

Modeling         $0.7

supervision       $190

Billings              $1037.5

Collections       $1642.5

Total overhead allocated: $ 126,826

Explanation:

First, we divide the cost of each activity over the base total to get the rate.

\left[\begin{array}{ccccc}$Activity&Driver&cost&Total&Rate\\$Consultation&$contact hours&315000&2100&150\\$Drawings&$desing hours&104400&1800&58\\$Modeling&$square feet&32200&46000&0.7\\$supervision&$days&228000&1200&190\\$Billings&$jobs&8300&8&1037.5\\$Collections&$jobs&13140&8&1642.5\\\end{array}\right]

Now we apply this rate against the job activity measurement:

\left[\begin{array}{ccccc}$Activity&Job&$Rate&$Allocated\\$Consultation&410&150&61500\\$Drawings&352&58&20416&\\$Modeling&7400&0.7&5180&\\$supervision&195&190&37050&\\$Billings&1&1037.5&1037.5&\\$Collections&1&1642.5&1642.5&\\$Total&&&126826&\\\end{array}\right]

You might be interested in
Which statement below best captures the overall point and focus of the New York Times article, Document 3?
Artemon [7]

Answer:

Correct Answer:

C) The news story marks the historical event of the first black man being called up to play in the major leagues and expresses some concern over how Robinson will be treated by his major league peers.

Explanation:

<em>Option C ıs the best statement which captures the overall point and focus of the given New York Times article, Document 3.</em>

6 0
2 years ago
Campbell's soup company continues to add new food products to its product line under the campbell's brand name. this is known as
almond37 [142]
This is known as family branding. Family branding or also known as umbrella branding is a marketing strategy that uses a single brand name in marketing the products. The family branding develops familiarity in the market due to its name and logo. This helps their new product lines to get distinguished in the market. 

7 0
2 years ago
When SW International declared a dividend of $20,000,000, its market value increased from $8 billion to $8.5 billion. However, i
Studentka2010 [4]

When SW International declared a dividend of $20,000,000, its market value increased from $8 billion to $8.5 billion. However, it lost a chance to reinvest $20,000,000 in the research and development of a new product which would have earned a profit of $200 million. Thus, this $200 million is referred to as SW International's-T<u>his is the Opportunity cost of the S.W international</u>

<u />

Explanation:

The term opportunity cost refer to the profit  that is given up to achieve another thing.

Lets consider the example in this we can analyse the fact that SW international made an alternative choice of declaring the dividend rather than utilizing the money in R&D for a new project .Thus the amount $20,000,000 is forgone in order to achieve the $ 85 million market value.

<u>Thus the $200 million is referred to as the Opportunity Cost.</u>

6 0
2 years ago
Northwest Catering owns and operates several restaurant services in Oregon, Washington, and Idaho. One restaurant chain has expe
Tcecarenko [31]

Answer:

1.3 million  Impaired asset is the determined amount

Explanation:

Asset impaired as the estimated fair value cash flows is lower than book value

Impairment loss = Fair value - Book value  

= 3.0 million - 4.3 million

= 1.3 million Impaired asset

An impaired asset is an asset that has a market value less than the value which was disclosed on the organisation balance sheet. When an asset is said to be impaired, it will need to be written down on the company's balance sheet to its current market value.

7 0
2 years ago
After reading the article, select the statements that are correct. Choose one or more: A. The cost-of-living adjustment for 2020
Mama L [17]

Answer:

  • B. The former program trustee argues that the current inflation measure overcompensates seniors since it ignores the substitution effect.
  • C. According to advocates for seniors, the 2020 COLA is not enough to compensate for rising healthcare costs.
  • D. Elizabeth Warren has proposed using a new inflation measure that outpaces the current one used.

Explanation:

The article is, ''<em>Social Security checks to rise modestly amid push to expand benefits '' </em>by<em> Associated Press. </em>

Blahous is a former program trustee who believes that the current inflation adjustment rate at which Social security is increasing is overcompensating seniors because it does not take into account that seniors could be switching to buying cheaper products which is the Substitution effect.  

Advocates and the seniors themselves have complained that the 2020 COLA is not enough to meet their current needs especially given the rising cost of healthcare.

Elizabeth Warren and Bernie Sanders both proposed using a new measure for inflation that will adequately compensate the seniors because it outpaces the current one used.

8 0
2 years ago
Other questions:
  • The panic of 1819:
    15·1 answer
  • When recovery is being performed due to a disaster which services are to be stabilized first?
    6·1 answer
  • To save for a new car, Samuel Smith will invest $3,000 at the end of each year for the next 5 years. The interest rate is 8%. Wh
    13·1 answer
  • Over the course of 50 years, Dexter grew his company to eight package shipping stores. With his retirement approaching and the i
    13·1 answer
  • Jack is considering adding toys to his general store. He estimates the cost of toy inventory will be $4,200. The remodeling and
    6·1 answer
  • A practitioner is engaged to prepare a client's federal income tax return for 2017 and 2018. The practitioner files the 2017 ret
    13·1 answer
  • Logistics means creating an efficient assembly line. <br><br> A. <br> True <br> B. <br> False
    12·2 answers
  • A river barge company can offer cheaper, although slower, per-pound transportation of products to companies when compared with t
    11·1 answer
  • Please examine the following short paragraph on a hypothetical paper about cybersecurity and the Internet of Things. The writer
    9·1 answer
  • 2. Joe, a bartender, is typically “over” in his cash drawer by two or three dollars each shift. In the past, you have always tho
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!