Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Assigning Cost of Resources to Activities, Unbunding the General Ledger Golding Bank provided the following date about its resources and activities for its checking account

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Assigning Cost of Resources to Activities, Unbunding the General Ledger Golding Bank provided the following date about its resources and activities for its checking account process: - Computers are used only by the issuing (20 percent) and processing transaction ( 30 percent) activities - Phone and supplies are 80 percent customer inquiries with the other 20 percent divided equally among the remaining activities, including supervising the checking operation. - The supervisor spends 100 percent of his time on supervision. In addition to the 30,000 clerical hours, there are 4,000 hours of supervision used (the hours used by the supervising clerks activity, which is not listed above). Required: 1. Prepare a work distribution matrix for the five primary activities, If an answer is zero, enter " 0 ". 1. Prepare a work distribution matrix for the five primary activities. If an answer is zero, enter " 0 ". 2. Calculate the cost of each activity. If required, round your answers to the nearest dollar. 2. Calculate the cost of each activity, If required, round your answers to the nearest dollar. 3. If the cost of the supervising activity is assigned to the other four activities, what is the final cost of these four primary activities? If required, round your answers to the nearest dollar. Assigning Cost of Resources to Activities, Unbundling the General Ledger Golding Bank provided the following data about its resources and activities for its checking account process: - Computers are used only by the issuing (20 percent) and processing transaction ( 80 percent) activities. - Phone and supplies are 80 percent customer inquiries with the other 20 percent divided equally among the remaining activities, Including supervising the checking operation. - The supervisor spends 100 percent of his time on supervision. In addition to the 30,000 clerical hours, there are 4,000 hours of supervision used (the hours used by the supervising clerks activity, which is not listed above). Required: 1. Prepare a work distribution matrix for the five primary activities. If an answer is zero, enter "0". 1. Prepare a work distribution matrix for the five primary activities. If an answer is zero, enter " 0 ". 2. Calculate the cost of each activity. If required, round your answers to the nearest dollar 2. Calculate the cost of each activity, If required, round your answers to the nearest dollar. 3. If the cost of the supervising activity is assigned to the other four activities, what is the final cost of these four primary activities? If required, round your answers to the nearest dollar. 3 more Check My Work uses remaning Assigning Cost of Resources to Activities, Unbunding the General Ledger Golding Bank provided the following date about its resources and activities for its checking account process: - Computers are used only by the issuing (20 percent) and processing transaction ( 30 percent) activities - Phone and supplies are 80 percent customer inquiries with the other 20 percent divided equally among the remaining activities, including supervising the checking operation. - The supervisor spends 100 percent of his time on supervision. In addition to the 30,000 clerical hours, there are 4,000 hours of supervision used (the hours used by the supervising clerks activity, which is not listed above). Required: 1. Prepare a work distribution matrix for the five primary activities, If an answer is zero, enter " 0 ". 1. Prepare a work distribution matrix for the five primary activities. If an answer is zero, enter " 0 ". 2. Calculate the cost of each activity. If required, round your answers to the nearest dollar. 2. Calculate the cost of each activity, If required, round your answers to the nearest dollar. 3. If the cost of the supervising activity is assigned to the other four activities, what is the final cost of these four primary activities? If required, round your answers to the nearest dollar. Assigning Cost of Resources to Activities, Unbundling the General Ledger Golding Bank provided the following data about its resources and activities for its checking account process: - Computers are used only by the issuing (20 percent) and processing transaction ( 80 percent) activities. - Phone and supplies are 80 percent customer inquiries with the other 20 percent divided equally among the remaining activities, Including supervising the checking operation. - The supervisor spends 100 percent of his time on supervision. In addition to the 30,000 clerical hours, there are 4,000 hours of supervision used (the hours used by the supervising clerks activity, which is not listed above). Required: 1. Prepare a work distribution matrix for the five primary activities. If an answer is zero, enter "0". 1. Prepare a work distribution matrix for the five primary activities. If an answer is zero, enter " 0 ". 2. Calculate the cost of each activity. If required, round your answers to the nearest dollar 2. Calculate the cost of each activity, If required, round your answers to the nearest dollar. 3. If the cost of the supervising activity is assigned to the other four activities, what is the final cost of these four primary activities? If required, round your answers to the nearest dollar. 3 more Check My Work uses remaning

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting Wileyplus Blackboard Student Package

Authors: Charles E. Davis, Elizabeth Davis

3rd Edition

1119342511, 978-1119342519

More Books

Students also viewed these Accounting questions