Baker Company produces small engines for lawnmower producers. The accounts payable department at Baker has six clerks

Question:

Baker Company produces small engines for lawnmower producers. The department at Baker has six clerks who process and pay supplier invoices. The total cost of their salaries is $320,000. The work for the activities that they perform is as follows:
Activity Percentage of Time on Each Activity
Comparing source documents ....................15%
Resolving discrepancies .............................65
Processing payment .................................20
Required:
Assign the cost of labor to each of the three activities in the department.
Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive... Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...