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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 Supervision Phone and supplies Salaries Computer Activities Clerical Hours $80,000 Processing accounts 100,000 Issuing statements 260,000 Processing transactions 28,000 Answering customer inquiries Total $468,000 Total • Computers are used only by the issuing (40 percent) and processing transaction (60 percent) activities. • Phone and supplies are 80 percent customer inquiries with the other 20 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 28,000 clerical hours, there are 3,000 hours of supervision used (the hours used by the supervising clerks activity, which is not listed above). 10,920 5,600 8,400 3,080 28,000

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 Supervision Phone and supplies Salaries Computer Activities Clerical Hours $80,000 Processing accounts 100,000 Issuing statements 260,000 Processing transactions 28,000 Answering customer inquiries Total $468,000 Total • Computers are used only by the issuing (40 percent) and processing transaction (60 percent) activities. • Phone and supplies are 80 percent customer inquiries with the other 20 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 28,000 clerical hours, there are 3,000 hours of supervision used (the hours used by the supervising clerks activity, which is not listed above). 10,920 5,600 8,400 3,080 28,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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 Processing accounts Issuing statements Processing transactions Answering customer inquiries Total 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. Accounting numeric field $ 0000
Transcribed Image Text: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 Processing accounts Issuing statements Processing transactions Answering customer inquiries Total 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. Accounting numeric field $ 0000
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 Supervision Phone and supplies Salaries Computer ● ● $80,000 100,000 260,000 ● 28,000 Activities Processing accounts Issuing statements Processing transactions Answering customer inquiries Total $468,000 Total Computers are used only by the issuing (40 percent) and processing transaction (60 percent) activities. Phone and supplies are 80 percent customer inquiries with the other 20 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 28,000 clerical hours, there are 3,000 hours of supervision used (the hours used by the supervising clerks activity, which is not listed above). Clerical Hours 10,920 5,600 8,400 3,080 28,000
Transcribed Image Text: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 Supervision Phone and supplies Salaries Computer ● ● $80,000 100,000 260,000 ● 28,000 Activities Processing accounts Issuing statements Processing transactions Answering customer inquiries Total $468,000 Total Computers are used only by the issuing (40 percent) and processing transaction (60 percent) activities. Phone and supplies are 80 percent customer inquiries with the other 20 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 28,000 clerical hours, there are 3,000 hours of supervision used (the hours used by the supervising clerks activity, which is not listed above). Clerical Hours 10,920 5,600 8,400 3,080 28,000
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