Gallatin Carpet Cleaning is a small, family-owned business operating out of Bozeman, Montana. For its services, the company has always charged a flat fee per hundred square feet of carpet cleaned. The...


Gallatin Carpet Cleaning is a small, family-owned business operating out of Bozeman, Montana. For its services, the company has always charged a flat fee per hundred square feet of carpet cleaned. The current fee is $23.25 per hundred square feet. However, there is some question about whether the company is actually making any money on jobs for some customers—particularly those located on remote ranches that require considerable travel time. The owner’s daughter, home for the summer from college, has suggested investigating this question using activity-based costing. After some discussion, she designed a simple system consisting of four activity cost pools. The activity cost pools and their activity measures appear below:





































Activity Cost PoolActivity MeasureActivity for the Year
Cleaning carpetsSquare feet cleaned (00s)12,000hundred square feet
Travel to jobsMiles driven235,000miles
Job supportNumber of jobs1,700jobs
Other (organization-sustaining costs and idle capacity costs)NoneNot applicable


The total cost of operating the company for the year is $362,000 which includes the following costs:

















































Wages$147,000
Cleaning supplies34,000
Cleaning equipment depreciation7,000
Vehicle expenses27,000
Office expenses62,000
President’s compensation85,000
Total cost$362,000


Resource consumption is distributed across the activities as follows:


































































































Distribution of Resource Consumption Across Activities
Cleaning CarpetsTravel to JobsJob SupportOtherTotal
Wages71%14%0%15%100%
Cleaning supplies100%0%0% 0%100%
Cleaning equipment depreciation69%0%0%31%100%
Vehicle expenses0%78%0%22%100%
Office expenses0%0%58%42%100%
President’s compensation0%0%29%71%100%


Job support consists of receiving calls from potential customers at the home office, scheduling jobs, billing, resolving issues, and so on.




Required:


1. Prepare the first-stage allocation of costs to the activity cost pools.


2. Compute the activity rates for the activity cost pools.


3. The company recently completed a 400 square foot carpet-cleaning job at the Flying N Ranch—a 50-mile round-trip journey from the company’s offices in Bozeman. Compute the cost of this job using the activity-based costing system.


4. The revenue from the Flying N Ranch was $93.00 (400 square feet @ $23.25 per hundred square feet). Calculate the customer margin earned on this job.

Jun 10, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here