Brief Exercise 5-24 Assigning Costs to Activities OBJ Exa McCourt Company produces small engines for lawnmower producers. The accounts payable department at McCourt has 10 clerks who process and pay supplier invoices. The total cost of their salaries is $500,000. The work distribution for the activities that they perform is as follows: Activity Comparing source documents Resolving discrepancies Processing payment Percentage of Time on Each Activity 25% 60 15 Required: Assign the cost of labor to each of the three activities in the accounts payable department