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 Activities Clerical Hours Supervision $76,000 Processing accounts 9,800 Phone and supplies Salaries 99,000 265,000 Issuing statements 6,720 Processing transactions 7,840 Computer 24,000 Answering customer inquiries 3,640 Total $464,000 Total 28,000 Computers are used only by the issuing (30 percent) and processing transaction (70 percent) activities. Phone and supplies are 60 percent customer inquiries with the other 40 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 28,000 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". Golding Bank Percentage of Time on Each Activity Activity Supervisor Clerks Supervising clerks 100 % 0 % Processing accounts 0 35 Issuing statements 0 24 Processing transactions 0 28 Answering customer inquiries 0 13 Feedback Check My Work 1 Anul dintribution metrin mimal.. identifinn the Amaint of Inhar consumad his anch nativity. The munnnminu entin in misemm The remaining face unting nun anlaulated using the clerical hen total nuansamina has 2. Calculate the cost of each activity. If required, round your answers to the nearest dollar. Activity Supervising clerks Processing accounts Issuing statements Processing transactions Answering customer inquiries Total 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. Processing accounts Issuing statements Processing transactions Answering customer inquiries Feedback Check 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 resources. 3. Final cost will be calculated using Ratios from Requirement 1 and Totals from Requirement 2. Review the differences between primary and secondary activities. Feedback Check My Work Partially correct