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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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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