Exercise 17-23 (Algo) Activity-based costing for a service provider LO P4 Singh and Danzin is an architectural firm that provides services for residential construction projects. The following overhead cost data are from the current period. Activity Budited costs Budgeted Activity was Client contultation $285,000 1,500 contact hours Drawings 125,000 2,000 design hours 1. Compute an activity rate for each activity using activity-based costing 2. Allocate overhead cost to a job that requires 55 contact hours and 350 design hours 1. Compute an activity rate for each activity using activity based costing. (Round Activity rate" to 2 decimal places) Activity Budgeted Cost Budgeted Activity Usage Activity Rate Client consultation Drawings 2. Allocate overhead cost to a job that requires 65 contact hours and 350 design hours (Round "Activity Ratoto 2 decimal placut and thornswers to the nearest Whole dollar amount Activity Activity Usage Activity Rate Allocated Cost Client consultation Drawings