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Resources Supervision Phone and supplies Salaries Computer Activities Processing accounts Issuing statements Processing transactions Answering customer inquiries Clerical Hours $73,000 97,000 285,000 28,000 Total $483,000 Total • 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 rem • The supervisor spends 100 percent of his time on supervision. In addition to the 26,000 clerical hours, there an activity, which is not listed above). 9,360 5,980 7,020 3,640 26,000

Resources Supervision Phone and supplies Salaries Computer Activities Processing accounts Issuing statements Processing transactions Answering customer inquiries Clerical Hours $73,000 97,000 285,000 28,000 Total $483,000 Total • 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 rem • The supervisor spends 100 percent of his time on supervision. In addition to the 26,000 clerical hours, there an activity, which is not listed above). 9,360 5,980 7,020 3,640 26,000

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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hapter 4 Homework Resources Supervision Phone and supplies Salaries Computer $73,000 97,000 285,000 28,000 Activity Supervising clerks Processing accounts Issuing statements Golding Bank Percentage of Time on Each Activity Supervisor Clerks 100 % Processing transactions Answering customer inquiries eBook Activities Processing accounts Issuing statements Processing transactions Answering customer inquiries Total $483,000 Total • 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 26,000 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 "0". 0 ✓ 0 ✓ ✓ 0 ✓ 0 $ $ 0 ✓% Total Print Item 36 ✓ 23 ✓ 27 ✓ 14 ✓ Clerical Hours 9,360 5,980 7,020 3,640 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 26,000 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
Transcribed Image Text:hapter 4 Homework Resources Supervision Phone and supplies Salaries Computer $73,000 97,000 285,000 28,000 Activity Supervising clerks Processing accounts Issuing statements Golding Bank Percentage of Time on Each Activity Supervisor Clerks 100 % Processing transactions Answering customer inquiries eBook Activities Processing accounts Issuing statements Processing transactions Answering customer inquiries Total $483,000 Total • 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 26,000 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 "0". 0 ✓ 0 ✓ ✓ 0 ✓ 0 $ $ 0 ✓% Total Print Item 36 ✓ 23 ✓ 27 ✓ 14 ✓ Clerical Hours 9,360 5,980 7,020 3,640 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 26,000 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
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