Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
Assigning Cost of Resources to Activities, Unbunding the General Ledger Golding Bank provided the following data about its resources and activities for its checking account
Assigning Cost of Resources to Activities, Unbunding the General Ledger Golding Bank provided the following data about its resources and activities for its checking account process: Resources Activities Clerical Hours Supervision $77,000 Processing accounts 8,970 Phone and supplies 94,000 Issuing statements 5,060 Salaries 290,000 Processing transactions 6,670 Computer 30,000 Answering customer inquiries 2,300 Total $491,000 Total 23,000 Computers are used only by the issuing (40 percent) and processing transaction (60 percent) activities. Phone and supplies are 80 percent customer inquines 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 23,000 derical hours, there are 2,000 hours of supervision used (the hours used by the supervising derks 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" Golding Bank Percentage of Time on Each Activity Activity Supervisor Clerks Supervising cerks Dracenacrt
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started