Question
Golding Bank provided the following data about its resources and activities for its checking account process: Resources Activities Clerical Hours Supervision $78,000 Processing accounts 10,800
Golding Bank provided the following data about its resources and activities for its checking account process:
Resources | Activities | Clerical Hours | |||||
Supervision | $78,000 | Processing accounts | 10,800 | ||||
Phone and supplies | 94,000 | Issuing statements | 5,940 | ||||
Salaries | 270,000 | Processing transactions | 7,560 | ||||
Computer | 29,000 | Answering customer inquiries | 2,700 | ||||
Total | $471,000 | Total | 27,000 |
Computers are used only by the issuing (20 percent) and processing transaction (80 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 27,000 clerical hours, there are 2,000 hours of supervision used (the hours used by the supervising clerks activity, which is not listed above).
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 Supervising clerks Processing accounts Supervisor Clerks Issuing statements Processing transactions Answering customer inguiries
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started