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 Processing accounts 10,000 $70,000 90,000 Phone and supplies Issuing statements 5,000 Salaries 275,000 Processing transactions 7,000 Computer 25,000 Answering customer inquiries 3,000 Total $460,000 Total 25,000 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 25,000 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 "O". Golding Bank Percentage of Time on Each Activity Activity Supervisor Clerks Supervising clerks Processing accounts Issuing statements Processing transactions Answering customer inquiries 2. Calculate the cost of each activity. Activity Total Supervising clerks Processing accounts Issuing statements Processing transactions Answering customer inquiries 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? Processing accounts Issuing statements Processing transactions Answering customer inquiries