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 $72,000 Processing accounts 10,140 Phone and supplies 94,000 Issuing statements 6,500 Salaries 290,000 Processing transactions 7,280 Computer 24,000 Answering customer inquiries 2,080 Total $480,000 Total 26,000 Computers are used only by the issuing (30 percent) and processing transaction (70 percent) activities. Phone and supplies are 70 percent customer inquiries with the other 30 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 26,000 clerical hours, there are 2,000 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 0 X Issuing statements 0 20 X Processing transactions 0 28 V Answering customer inquiries 0 12 X 2. Calculate the cost of each activity. If required, round your answers to the nearest dollar. Activity Total $ Supervising clerks 79,000 X $ Processing accounts 119,000 X Issuing statements 71,500 X Processing transactions 103,500 X Answering customer $ inquiries 87,000 X 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 $ 150,000 X $ 87,300 X $ 125,620 X $ 96,480 X