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Business, 22.09.2020 14:01 lailalorinda

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: Resources Activities Clerical Hours
Supervision $73,000 Processing accounts 9,000
Phone and supplies 99,000 Issuing statements 5,500
Salaries 260,000 Processing transactions 7,250
Computer 30,000 Answering customer inquiries 3,250
Total $462,000 Total 25,000
Computers are used only by the issuing (40 percent) and processing transaction (60 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 his time on supervision. In addition to the 25,000 clerical 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 "0".
Golding Bank
Percentage of Time on Each Activity
Activity Supervisor Clerks
Supervising clerks % %
Processing accounts
Issuing statements
Processing transactions
Answering customer inquiries
Feedback
Activity Total
Supervising clerks $
Processing accounts $
Issuing statements $
Processing transactions $
Answering customer inquiries $
2. If the cost of the supervising activity is assigned to the other four activities, what is the final cost of these four primary activities?
Processing accounts $
Issuing statements $
Processing transactions $
Answering customer inquiries

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Answers: 2

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