Home - MyIUP X I Fall 2020 613 Midterm - Fall 2( x 9 Connect X H Homework Help - Q&A from 0i x I + 6 6 C 0 i ezto.mheducation.com/exi/mapndex.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/qu... it 0 Apps * Bookmarks c. Google Docs Q craigslist i eBay a. Amazonrcom II YouTube 9 Maps Other Bookmarks QUIZ - CH 07 Exercises & Problems 0 Saved Help Save 8. Exit Submit w 5 The operations vice president of Security Home Bank has been interested in investigating the efciency 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 efcient operations can be identied, 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 2 85 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 activitybased costing study of bank operations In particular, she would like to know the cost of opening an account, Points . . . . . the cost of processmg depoSIts and Withdrawals, and the cost of processmg other customer transactions skipped The Westeld branch of Security Home Bank has submitted the following cost data for last year: SBOOk Teller wages $ 155, 000 Hint Assistant branch manager salary 70, 000 Branch manager salary 86, 000 Total 5 311,000 I Virtually all other costs of the branchrent, depreciation, utilities, and so onare 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 Westeld 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 Totals Teller wages 4% 67% 17% 12% 100% Assistant branch manager salary 12% 11% 25% 52% 100% Branch manager salary 4H 0% 18% 75$ 100% I The manager of the Westfield branch of Security Home Bank has provided the following data concerning the transactions of the branch during the past year: Activity Total Activity at the Westfield Branch M: Elli\" MY Home - MylUP X B Fall 2020 613 Midterm - Fall 20 X Connect X Homework Help - Q&A from Or x + C D ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/qu... H Paused Apps Bookmarks Google Docs craigslist meBay a Amazon.com YouTube Maps Other Bookmarks QUIZ - CH 07 Exercises & Problems i Saved Help Save & Exit Submit Check my work 5 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 2.85 Processing Processing Opening Deposits and Other Customer Other points Accounts Withdrawals Transactions Activities Totals Teller wages 678 178 128 100% Skipped Assistant branch manager salary 128 118 25% 528 100% Branch manager salary 48 08 18% 78% 100% eBook The manager of the Westfield branch of Security Home Bank has provided the following data concerning the transactions of the Hint branch during the past year: Activity Total Activity at the Westfield Branch Opening accounts 260 new accounts opened Processing deposits and withdrawals 52, 000 deposits and withdrawals processed Processing other customer transactions 850 other customer transactions processed Required: 1. Compute the activity rates for the activity-based costing system. (Round your answers to 2 decimal places.) Activity Cost Pool Activity Rate Opening accounts per account opened Processing deposits and withdrawals per deposit or withdrawal Processing other customer transactions per other customer transaction CO LO Options Mc Graw Hill Education
