Activities can be categorized as unit, batch, product, and facility. Provide the definitions of each of...

  

 

  
 
 

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Activities can be categorized as unit, batch, product, and facility. Provide the definitions of each of these categories and then use the information in Table 2, Panel D, to categorize the activities as unit, batch, product, or facility. Thats all the info that is needed. Only use table 2, panel d. Look at Table 2, Panel D. Look at the description of activities, and using that label them as unit, batch, product, or facility for the department/function Table 2. Panel D: Cost Driver Information, Revised Allocations Department/Function Description of Activities Marketing Marketing Management Marketing Department Staff Happy Retirement Annuity Campaign Secure Life Insurance Campaign Total Company Ad Campaign Customer Service - Life New Business Management Applications Underwriting Policy Issuance - Life Insurance e-Issuance Customer Service Management Call Center Life Insurance Inforce Maintenance Claims Management Life Insurance Claims Adjusters Life Insurance Claims. Customer Service - Annuity New Business Management Applications Policy Issuance e-Issuance Annuity Inforce Maintenance Annuity Surrenders Information Technology IT Management Financial Management Systems Human Resource Systems Life Insurance Claims Systems Life Policy Systems Annuity Systems Annuity Projects Life Insurance Projects Financial Systems Update Controller Actuarial Financial Planning and Analysis Expense Management Manage Marketing dept. Marketing campaigns Costs for media campaign Media campaign for secure life product Media campaign for total company Manage new business Review applications Underwriting applications Issuing new policies Tech support for e-applications Manage customer service. Receive incoming calls Servicing life policies Manage staff for claims Adjudicate claims Issue claim checks Manage new business issuance Reviewing applications Staff issuing new policies Tech support for electronic applications Service all annuity products Issue surrenders Manage staff for IT Managing financial systems Manage HR systems Managing life claim system Managing life systems Managing annuity systems Project for new annuity product Project for new life product Project for upgrading financial system Accounting dept. Actuarial staff Financial analysts and budget analysts Cost Accounting staff Cost Driver Marketing Campaigns Marketing Campaigns Media campaign Media campaign Media campaign New policy volume Number of applications Number of applications Number of policies issued Number of e-applications Number of policies Number of phone calls Number of policies Number of claims Number of claims Number of claims New policies sold Number of applications Number of policies issued Number of e-applications Number of inforce policies Number of surrenders Number of systems/projects Number of systems/projects Number of systems/projects Number of systems/projects Number of systems/projects Number of systems/projects Project hours Project hours. Project hours Number of reports Number of reports Number of analysis and reports Number of reports Products Supported All All Happy Retirement Annuity Secure Life All Life (all) Life (all) Life (all) Life (all) Life (all) Life and annuities (all) Life and annuities (all) Life (all) Life (all) Life (all) Life (all) Annuities (all) Annuities (all) Annuities (all) Annuities (all) Annuities (all) Annuities (all) All All All Life Life Annuity Happy Retirement Annuity Secure Life Insurance All All All All All Allocation Sales Sales Direct to Happy Retirement Direct to Secure Life Sales # of new policies # of applications # of applications # of polices issued # of e-applications # of policies # of phone calls # of life policies # of claims # of claims # of claims # of new policies # of applications #of polices issued # of e-applications # of policies # of surrenders Assets Assets Assets Life claims. Life policies Annuity policies Annuity policies insurance policies Assets Assets Assets Assets Assets Table 1. Panel D: Cost Driver Information, Current Allocations Department/Function Description of Activities Marketing Marketing Management Marketing Department Staff Happy Retirement Annuity Campaign Secure Life Insurance Campaign Total Company Ad Campaign Customer Service - Life New Business Management Applications Underwriting Policy Issuance e-Issuance Customer Service Management Call Center Life Insurance Inforce Maintenance Claims Management Life Insurance Claims Adjusters Life Insurance Claims Customer Service - Annuity New Business Management Applications Policy Issuance. e-Issuance. Annuity Inforce Maintenance. Annuity Surrenders Information Technology IT Management Financial Management Systems Human Resource Systems Life Insurance Claims Systems Life Policy Systems Annuity Systems Annuity Projects Life Insurance Projects Financial Systems Update Controller Actuarial Financial Planning and Analysis Expense Management Manage marketing dept.. Marketing campaigns Costs for media campaign Media campaign for secure life product Media campaign for company Manage new business Review applications Underwriting applications Issuing new policies Tech support for e-applications Manage customer service Staff in call center Servicing life policies Manage staff for claims Adjudicate claims Issue claim checks Manage new business issuance Reviewing applications Staff issuing new policies Tech support for e-applications Service all annuity products Issue surrenders Manage staff for IT Managing financial systems Manage HR systems Managing life claim system Managing life systems Managing annuity systems Projects for annuity products Projects for life products Project for upgrading financial system Accounting staff Actuarial staff Financial analysts and budget analysts Cost accounting staff Cost Driver Marketing Campaigns Marketing Campaigns Media campaign Media campaign Media campaign New policy volume Number of applications Number of applications Number of policies issued Number of e-applications Number of policies Number of phone calls Number of policies Number of claims Number of claims Number of claims New policies sold Number of applications Number of policies issued Number of e-applications Number of policies Number of surrenders Number of systems/projects Number of systems/projects Number of systems/projects Number of systems/projects Number of systems/projects Number of systems/projects Project hours Project hours Project hours Number of reports Number of reports Number of analysis and reports Number of reports Products Supported All All Happy Retirement Annuity Secure Life All Life (all) Life (all) Life (all) Life (all) Life (all) All All Life (all) Life (all) Life (all) Life (all) Annuities (all) Annuities (all) Annuities (all) Annuities (all) Annuities (all) Annuities (all) All All All Life Life Annuity Annuity Life All All All All All Allocation Sales Sales Sales Sales Sales Sales Sales Sales Sales Sales Premium Premium Premium, life Premium, life Premium, life Premium, life Sales Sales Sales Sales Premium, annuity Premium, annuity Assets Assets Assets Assets Assets Assets Assets Assets Assets Assets Assets Assets Assets Table 1. Panel D: Cost Driver Information, Current Allocations (continued) Department/Function Description of Activities Human Resources HR Management Compensation and Payroll Staffing and Recruiting Sales Sales Management East Region Midwest Region South Region West Region Facilities Facilities Management Facilities Staff Corporate Unallocated Rent Treasurers Treasurer Cash Management and Banking Investments Executive & Corporate Office of the CEO Corporate Manage staff Executive and employee compensation Recruit for all company positions Manage sales function for company East coast sales staff and management Midwest sales staff and management Sales staff and management for south Sales staff and management for west coast Manage staff for Facilities Maintenance and other Facility staff Rent for entire corporate office Manage staff for Treasurer's dept. Manage cash & banking relationships Manage investments CEO and support staff Expenses not chargeable to any business area Cost Driver Employees Employees Open positions Sales Sales for region Sales for region Sales for region Sales for region Number of employees/sq. ft. Number of employees/sq. ft. Number of employees/sq. ft. Assets Number of bank accounts Invested assets Products Supported All All All Life and annuity (all) Life and annuity (all) Life and annuity (all) Life and annuity (all) Life and annuity (all) All All All All All All All All Allocation Assets Assets Assets Sales Sales Sales Sales Sales Assets Assets Assets Assets Assets Assets Assets Assets Activities can be categorized as unit, batch, product, and facility. Provide the definitions of each of these categories and then use the information in Table 2, Panel D, to categorize the activities as unit, batch, product, or facility. Thats all the info that is needed. Only use table 2, panel d. Look at Table 2, Panel D. Look at the description of activities, and using that label them as unit, batch, product, or facility for the department/function Table 2. Panel D: Cost Driver Information, Revised Allocations Department/Function Description of Activities Marketing Marketing Management Marketing Department Staff Happy Retirement Annuity Campaign Secure Life Insurance Campaign Total Company Ad Campaign Customer Service - Life New Business Management Applications Underwriting Policy Issuance - Life Insurance e-Issuance Customer Service Management Call Center Life Insurance Inforce Maintenance Claims Management Life Insurance Claims Adjusters Life Insurance Claims. Customer Service - Annuity New Business Management Applications Policy Issuance e-Issuance Annuity Inforce Maintenance Annuity Surrenders Information Technology IT Management Financial Management Systems Human Resource Systems Life Insurance Claims Systems Life Policy Systems Annuity Systems Annuity Projects Life Insurance Projects Financial Systems Update Controller Actuarial Financial Planning and Analysis Expense Management Manage Marketing dept. Marketing campaigns Costs for media campaign Media campaign for secure life product Media campaign for total company Manage new business Review applications Underwriting applications Issuing new policies Tech support for e-applications Manage customer service. Receive incoming calls Servicing life policies Manage staff for claims Adjudicate claims Issue claim checks Manage new business issuance Reviewing applications Staff issuing new policies Tech support for electronic applications Service all annuity products Issue surrenders Manage staff for IT Managing financial systems Manage HR systems Managing life claim system Managing life systems Managing annuity systems Project for new annuity product Project for new life product Project for upgrading financial system Accounting dept. Actuarial staff Financial analysts and budget analysts Cost Accounting staff Cost Driver Marketing Campaigns Marketing Campaigns Media campaign Media campaign Media campaign New policy volume Number of applications Number of applications Number of policies issued Number of e-applications Number of policies Number of phone calls Number of policies Number of claims Number of claims Number of claims New policies sold Number of applications Number of policies issued Number of e-applications Number of inforce policies Number of surrenders Number of systems/projects Number of systems/projects Number of systems/projects Number of systems/projects Number of systems/projects Number of systems/projects Project hours Project hours. Project hours Number of reports Number of reports Number of analysis and reports Number of reports Products Supported All All Happy Retirement Annuity Secure Life All Life (all) Life (all) Life (all) Life (all) Life (all) Life and annuities (all) Life and annuities (all) Life (all) Life (all) Life (all) Life (all) Annuities (all) Annuities (all) Annuities (all) Annuities (all) Annuities (all) Annuities (all) All All All Life Life Annuity Happy Retirement Annuity Secure Life Insurance All All All All All Allocation Sales Sales Direct to Happy Retirement Direct to Secure Life Sales # of new policies # of applications # of applications # of polices issued # of e-applications # of policies # of phone calls # of life policies # of claims # of claims # of claims # of new policies # of applications #of polices issued # of e-applications # of policies # of surrenders Assets Assets Assets Life claims. Life policies Annuity policies Annuity policies insurance policies Assets Assets Assets Assets Assets Table 1. Panel D: Cost Driver Information, Current Allocations Department/Function Description of Activities Marketing Marketing Management Marketing Department Staff Happy Retirement Annuity Campaign Secure Life Insurance Campaign Total Company Ad Campaign Customer Service - Life New Business Management Applications Underwriting Policy Issuance e-Issuance Customer Service Management Call Center Life Insurance Inforce Maintenance Claims Management Life Insurance Claims Adjusters Life Insurance Claims Customer Service - Annuity New Business Management Applications Policy Issuance. e-Issuance. Annuity Inforce Maintenance. Annuity Surrenders Information Technology IT Management Financial Management Systems Human Resource Systems Life Insurance Claims Systems Life Policy Systems Annuity Systems Annuity Projects Life Insurance Projects Financial Systems Update Controller Actuarial Financial Planning and Analysis Expense Management Manage marketing dept.. Marketing campaigns Costs for media campaign Media campaign for secure life product Media campaign for company Manage new business Review applications Underwriting applications Issuing new policies Tech support for e-applications Manage customer service Staff in call center Servicing life policies Manage staff for claims Adjudicate claims Issue claim checks Manage new business issuance Reviewing applications Staff issuing new policies Tech support for e-applications Service all annuity products Issue surrenders Manage staff for IT Managing financial systems Manage HR systems Managing life claim system Managing life systems Managing annuity systems Projects for annuity products Projects for life products Project for upgrading financial system Accounting staff Actuarial staff Financial analysts and budget analysts Cost accounting staff Cost Driver Marketing Campaigns Marketing Campaigns Media campaign Media campaign Media campaign New policy volume Number of applications Number of applications Number of policies issued Number of e-applications Number of policies Number of phone calls Number of policies Number of claims Number of claims Number of claims New policies sold Number of applications Number of policies issued Number of e-applications Number of policies Number of surrenders Number of systems/projects Number of systems/projects Number of systems/projects Number of systems/projects Number of systems/projects Number of systems/projects Project hours Project hours Project hours Number of reports Number of reports Number of analysis and reports Number of reports Products Supported All All Happy Retirement Annuity Secure Life All Life (all) Life (all) Life (all) Life (all) Life (all) All All Life (all) Life (all) Life (all) Life (all) Annuities (all) Annuities (all) Annuities (all) Annuities (all) Annuities (all) Annuities (all) All All All Life Life Annuity Annuity Life All All All All All Allocation Sales Sales Sales Sales Sales Sales Sales Sales Sales Sales Premium Premium Premium, life Premium, life Premium, life Premium, life Sales Sales Sales Sales Premium, annuity Premium, annuity Assets Assets Assets Assets Assets Assets Assets Assets Assets Assets Assets Assets Assets Table 1. Panel D: Cost Driver Information, Current Allocations (continued) Department/Function Description of Activities Human Resources HR Management Compensation and Payroll Staffing and Recruiting Sales Sales Management East Region Midwest Region South Region West Region Facilities Facilities Management Facilities Staff Corporate Unallocated Rent Treasurers Treasurer Cash Management and Banking Investments Executive & Corporate Office of the CEO Corporate Manage staff Executive and employee compensation Recruit for all company positions Manage sales function for company East coast sales staff and management Midwest sales staff and management Sales staff and management for south Sales staff and management for west coast Manage staff for Facilities Maintenance and other Facility staff Rent for entire corporate office Manage staff for Treasurer's dept. Manage cash & banking relationships Manage investments CEO and support staff Expenses not chargeable to any business area Cost Driver Employees Employees Open positions Sales Sales for region Sales for region Sales for region Sales for region Number of employees/sq. ft. Number of employees/sq. ft. Number of employees/sq. ft. Assets Number of bank accounts Invested assets Products Supported All All All Life and annuity (all) Life and annuity (all) Life and annuity (all) Life and annuity (all) Life and annuity (all) All All All All All All All All Allocation Assets Assets Assets Sales Sales Sales Sales Sales Assets Assets Assets Assets Assets Assets Assets Assets

Answer rating: 100% (QA)

Unit Activities Unit activities are related to the production of a single item This type of activity is typically broken down into individual steps that must be completed in order to produce the item ... View the full answer