Check my work The operations vice president of Security Home Bank has been interested in investigating the efficiency of the bank's operations. She has been particularly concerned about the costs of handling routine transactions at the bank and would like to compare these costs at the bank's various branches. If the branches with the most efficient operations can be identified their methods can be studied and then replicated elsewhere. While the bank maintains meticulous records of wages and other costs, there has been no attempt thus far to show how those costs are related to the various services provided by the bank. The operations vice president has asked your help in conducting an activity-based costing study of bank operations. In particular, she would like to know the cost of opening an account the cost of processing deposits and withdrawals, and the cost of processing other customer transactions The Westfield branch of Security Home Bank has submitted the following cost data for last year Teller wages $ 160,000 Assistant branch manager salary 75,000 Branch manager salary 80.000 Total $ 315,000 Virtually all other costs of the branch-rent, depreciation, utilities, and so on-are organization-sustaining costs that cannot be meaningfully assigned to individual customer transactions such as depositing checks. In addition to the cost data above, the employees of the Westfield branch have been interviewed concerning how their time was distributed last year across the activities included in the activity-based costing study. The results of those interviews appear below: Distribution of Resource Consumption Across Activities Processing Processing Opening Deposits and Other Customer Other Accounts withdrawals Transactions Activities Totats Teller wages 54 654 205 201 100% Assistant branch manager salary 155 SA 305 585 1085 Branch manager salary 55 os 10 85 1085 wed yoin-Sud Costs that cannot be meaningfully assigned to individual customer transactions such as depositing checks In addition to the cost data above, the employees of the Westfield branch have been interviewed concerning how their time was distributed last year across the activities included in the activity-based costing study. The results of those interviews appear below: Book Distribution of Resource Consumption Across Activities Processing Processing Opening Deposits and Other Customer Other Accounts Withdrawals Transactions Activities Totais 54 65 205 101 -100 154 59 304 500 100 56 0% 854 100 40 Teller wages Assistant branch manager salary Branch manager salary 200 Required: Prepare the first stage allocation for the activity-based costing study. Print ferences Distribution of Resource Consumption Across Activities Processing Opening Processing Other Deposits and Other Total Accounts Customer Activities Withdrawals Transactions Toller wages Assistant branch manager salary Branch manager salary Totul cost
