Question

Golding produces small engines for lawnmower producers. The accounts payable department at Golding has five clerks who process and pay supplier invoices. The total cost of their salaries is $ 275,000. The work distribution for the activities that they perform is as follows:
Activity Percentage of Time on Each Activity
Comparing source documents ............................. 20%
Resolving discrepancies........................... 55%
Processing payment .......................... 25%
Required:
Assign the cost of labor to each of the three activities in the accounts payable department.


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  • CreatedSeptember 22, 2015
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