Problems Related to Accounting: What distinguishes integrated control frameworks from isolated check KGS Mining's equipment usage policy requires shift-based (a) Separation improves control (b) Individual controls work better (c) Integration adds complexity (d) Systematic relationships create comprehensive oversight Usha Company had the following accounts and balances at the end of the year. Cash monitoring. Morning shift supervisor reports: 1. Operational hours: 6.5 II. Maintenance time: 1.2 III. Breakdown time: 0.8 Against 8-hour standard shift, management seeks to identify productive time ratio. Accounts Payable Common Stock Dividends Inventory $76,000 $21,000 $21,000 $12,000 $42,000 Long-term Notes Payable $33,000 Revenues Salaries Payable $135,000 $33,000 What are total assets at the end of the year? A) $136,000 B) $162,000 C) $175,000 D) $190,000

Problems Related to Accounting: What distinguishes integrated control frameworks from isolated check KGS Mining's equipment usage policy requires shift-based (a) Separation improves control (b) Individual controls work better (c) Integration adds complexity (d) Systematic relationships create comprehensive oversight Usha Company had the following accounts and balances at the end of the year. Cash monitoring. Morning shift supervisor reports: 1. Operational hours: 6.5 II. Maintenance time: 1.2 III. Breakdown time: 0.8 Against 8-hour standard shift, management seeks to identify productive time ratio. Accounts Payable Common Stock Dividends Inventory $76,000 $21,000 $21,000 $12,000 $42,000 Long-term Notes Payable $33,000 Revenues Salaries Payable $135,000 $33,000 What are total assets at the end of the year? A) $136,000 B) $162,000 C) $175,000 D) $190,000

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter5: Activity-based Costing And Management

Section: Chapter Questions

Problem 57P: Customers as a Cost Object Morrisom National Bank has requested an analysis of checking account...

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KGS Mining's equipment usage policy requires shift-based monitoring. Morning shift supervisor reports: 1. Operational hours: 6.5 II. Maintenance time: 1.2 III. Breakdown time: 0.8 Questions Related to Accounting: What distinguishes integrated control frameworks from isolated checks? a) Systematic relationships create comprehensive oversight b) Individual controls work better c) Integration adds complexity d) Separation improves control Usha Company had the following accounts and balances at the end of the year. Cash $76,000 Accounts Payable $21,000 Common Stock $21,000 Dividends $12,000 Inventory $42,000 Long-term Notes Payable $33,000 Revenues Salaries Payable $135,000 $33,000 What are total assets at the end of the year? A) $136,000 B) $162,000 C) $175,000 D) $190,000 Against 8-hour standard shift, management seeks to identify productive time ratio.
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Customers as a Cost Object Morrisom National Bank has requested an analysis of checking account profitability by customer type. Customers are categorized according to the size of their account: low balances, medium balances, and high balances. The activities associated with the three different customer categories and their associated annual costs are as follows: Additional data concerning the usage of the activities by the various customers are also provided: Required: (Note: Round answers to two decimal places.) 1. Calculate a cost per account per year by dividing the total cost of processing and maintaining checking accounts by the total number of accounts. What is the average fee per month that the bank should charge to cover the costs incurred because of checking accounts? 2. Calculate a cost per account by customer category by using activity rates. 3. Currently, the bank offers free checking to all of its customers. The interest revenues average 90 per account; however, the interest revenues earned per account by category are 80, 100, and 165 for the low-, medium-, and high-balance accounts, respectively. Calculate the average profit per account (average revenue minus average cost from Requirement 1). Then calculate the profit per account by using the revenue per customer type and the unit cost per customer type calculated in Requirement 2. 4. CONCEPTUAL CONNECTION After the analysis in Requirement 3, a vice president recommended eliminating the free checking feature for low-balance customers. The bank president expressed reluctance to do so, arguing that the low-balance customers more than made up for the loss through cross-sales. He presented a survey that showed that 50% of the customers would switch banks if a checking fee were imposed. Explain how you could verify the presidents argument by using ABC.
Golding Bank provided the following data about its resources and activities for its checking account process: Required: 1. Calculate the capacity cost rate for the checking account process. 2. Calculate the activity rates for the four activities. If the total number of statements issued was 20,000, calculate the cost of the issuing statements activity. 3. What if process improvements decreased the number of customer inquiries, leading to a 10 percent reduction in check processing hours and a 10,000 reduction in total resource costs? Update all the activity rates for these changes in operating conditions.