2. Tyler Case, the company's CEO, recently returned from a seminar on activity-based costing and instructed...

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2. Tyler Case, the company's CEO, recently returned from a seminar on activity-based costing and instructed Kalagnanam to consider implementing the new system. As a first step, he instructed her to analyze the overhead costs for 2021. Through her research she was able to derive the following breakdown of the estimated overhead costs for 2021: Activity Foundation laying Building construction Painting Finishing Foundation-laying hours Painting-hours Finishing-hours Amount $ 3,348,750 3,445,000 3,625,000 3,021,000 She also documented the following activity on the three jobs during the first quarter of 2021 (in addition to the construction labour- hours consumed by the three jobs): Activity Activity Measure Foundation-laying hours Construction labour-hours Painting hours Finishing hours Foundation laying Building construction Painting Finishing Schfool Residential Cinema 57,150 66,000 76,560 66,900 41,340 103,350 6. Calculate the activity rates for each of the four activities. (Round your answers to 2 decimal places.) Activity Rate per FLH Activity Volume 446,500 530,000 580,000 795,000 55,370 47,800 62,010 per CLH per PH per FH b. Calculate the total cost of each job using activity-based costing. (Do not round intermediate calculations and round your final answers nearest to whole number.) Total cost School Residential Cinema 2. Tyler Case, the company's CEO, recently returned from a seminar on activity-based costing and instructed Kalagnanam to consider implementing the new system. As a first step, he instructed her to analyze the overhead costs for 2021. Through her research she was able to derive the following breakdown of the estimated overhead costs for 2021: Activity Foundation laying Building construction Painting Finishing Foundation-laying hours Painting-hours Finishing-hours Amount $ 3,348,750 3,445,000 3,625,000 3,021,000 She also documented the following activity on the three jobs during the first quarter of 2021 (in addition to the construction labour- hours consumed by the three jobs): Activity Activity Measure Foundation-laying hours Construction labour-hours Painting hours Finishing hours Foundation laying Building construction Painting Finishing Schfool Residential Cinema 57,150 66,000 76,560 66,900 41,340 103,350 6. Calculate the activity rates for each of the four activities. (Round your answers to 2 decimal places.) Activity Rate per FLH Activity Volume 446,500 530,000 580,000 795,000 55,370 47,800 62,010 per CLH per PH per FH b. Calculate the total cost of each job using activity-based costing. (Do not round intermediate calculations and round your final answers nearest to whole number.) Total cost School Residential Cinema

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Calculating the activity rates for each of the four activities To calculate the activity rates for each of the four activities we need to divide the estimated overhead costs for each activity by the c... View the full answer