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 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 her time on supervision. In addition to the 27,000 clerical hours, there are 3,000 hours of supervision used (the hours used by the supervising clerks activity, which is not listed above). Required: 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 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