Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Resources Activities Clerical Hours Supervision $76,000 Processing accounts 10,440 Phone and supplies 96,000 Issuing statements 5,800 Salaries 255,000 Processing transactions 8,700 Computer 20.000 Answering customer

image text in transcribed
image text in transcribed
Resources Activities Clerical Hours Supervision $76,000 Processing accounts 10,440 Phone and supplies 96,000 Issuing statements 5,800 Salaries 255,000 Processing transactions 8,700 Computer 20.000 Answering customer inquiries 4,060 Total $447,000 Total 29.000 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 29,000 derical hours, there are 4,000 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 to Golding Bank Percentage of Time on Each Activity Activity Supervisor Clerks Supervising clerks Processing accounts Issuing statements Processing transactions Answering customer inquiries Total 2. Calculate the cost of each activity. If required, round your answers to the nearest dollar. Activity Supervising clerks Processing accounts Issuing statements Processing transactions Answering customer inquiries 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 Processing accounts issuing statements Processing transactions Answering customer inquiries

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Finance For Non-Finance Executives

Authors: Anurag Singal

1st Edition

1952538327, 9781952538322

More Books

Students also viewed these Accounting questions

Question

=+ How do some of them single you out when you're the consumer?

Answered: 1 week ago