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i dont understand how to do 2 and 3 Assigning Cost of Resources to Activities, Unbundling the General Ledger Golding Bank provided the following data
i dont understand how to do 2 and 3
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: Activities Resources Clerical Hours Supervision $74,000 7,700 Phone and supplies 98,000 Processing accounts Issuing statements Processing transactions 5,060 Salaries 295,000 6,380 Computer 22,000 Answering customer inquiries 2,860 Total $499,000 Total 22,000 Computers are used only by the issuing (30 percent) and processing transaction (70 percent) activities. Phone and supplies are 70 percent customer inquiries with the other 30 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 22,000 clerical hours, there are 3,000 hours of supervision used (the hours used by the supervising clerks activity, which is not listed above). Required: 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 100 0 Processing accounts 07 35 Issuing statements 0 23 Processing transactions 0 29 29 Processing transactions Answering customer inquiries 13 Feedback Check My Wors 2. Calculate the cost of each activity. If required, round your answers to the nearest dollar. Activity Total Supervising clerks 79,880 Processing accounts 109,130 80,330 Issuing statements Processing transactions Answering customer inquiries 106,830 106,950 3. Il 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 Processing accounts 27,958 Issuing statements 18,378 Processing transactions 23,165 Answering customer inquiries 10,334 Step by Step Solution
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