Golding Bank provided the following data about its resources and activities for its checking account process: 

Required:
1. Prepare a work distribution matrix for the five primary activities.
2. Calculate the cost of each activity.
3. What if the cost of the supervising activity is assigned to the other four activities?
Why would this be done? If it is done, what is the final cost of these four primary activities?LO1

Transcribed Image Text:

Resources Activities Clerical Hours Supervision $ 70,000 Processing accounts 10,000 Phone and supplies 90,000 Issuing statements 5,000 Salaries 275,000 Processing transactions 7,000 Computer Total 25,000 $460,000 Answering customer inquiries 3,000 Total 25,000