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: Resources Supervision Phone and supplies Salaries Computer $80,000 Required: 91,000 260,000 24,000 Activities $ Processing accounts Issuing statements Processing transactions Answering customer inquiries Clerical Hours 10,530 5,940 7,830 2,700 27,000 Total $455,000 Total ung (40 percent) and processing transaction (60 percent) Computers are used only by the issuing 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 her time on supervision. In addition to the 27,000 clerical hours, there are 4,000 hours of supervision used (the hours used by the supervising clerks activity, which is not listed above). 1. Prepare a work distribution matrix for the five primary activities. If an answer is zero, enter "0".
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 issung (40 percent) and processing transacuun (ou perient 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 her time on supervision. In addition to the 27,000 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". Feedback Check My Work 1. A work distribution matrix simply identifies the Amount of labor consumed by each activity. The supervising ratio is given. The remaining four ratios are calculated using the clerical hrs. total processing hours 2. Calculate the cost of each activity. If required, round your answers to the nearest dollar. 3. If the cost of the supervising activity ts 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. Feedback Theck My Work 2. The five primary activities cost will be calculated using Ratios from Requirement 1 , and the data for the resources. Remember the information for each allocation of 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 issung (40 percent) and processing transacuun (ou perient 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 her time on supervision. In addition to the 27,000 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". Feedback Check My Work 1. A work distribution matrix simply identifies the Amount of labor consumed by each activity. The supervising ratio is given. The remaining four ratios are calculated using the clerical hrs. total processing hours 2. Calculate the cost of each activity. If required, round your answers to the nearest dollar. 3. If the cost of the supervising activity ts 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. Feedback Theck My Work 2. The five primary activities cost will be calculated using Ratios from Requirement 1 , and the data for the resources. Remember the information for each allocation of