The Westfield branch of Security Home Bank has submitted the following cost data for last year:...
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The Westfield branch of Security Home Bank has submitted the following cost data for last year: $ 144,000 69,000 90,000 $ 303,000 Teller wages Assistant branch manager salary Branch manager salary Total Virtually all other costs of the branch-rent, depreciation, utilities, and so on-are organization-sustaining costs that cannot be meaningfully assigned to individual customer transactions such as depositing checks. In addition to the cost data above, the employees of the Westfield branch have been interviewed concerning how their time was distributed last year across the activities included in the activity-based costing study. The results of those interviews appear below Teller wages Assistant branch manager salary Branch manager salary Activity Opening accounts Opening Accounta 3N 15%. 34 Distribution of Resource Consumption Across Activities Processing Deposits and Withdrawals 661 264 10% Processing deposits and withdrawals Processing other customer transactions Activity Cost Pool Opening accounts Processing deposits and withdrawals Processing other customer transactions Processing Other Customer Transactions The manager of the Westfield branch of Security Home Bank has provided the following data concerning the transactions of the branch during the past year: 16% 23% 254 Activity Rato Total Activity at the weatfield Branch 185 new accounts opened Other Activities 154 47,000 deposits and withdrawals processed 4,400 other customer transactiona processed Required: 1. Compute the activity rates for the activity-based costing system (Round your answers to 2 decimal places.) per account opened per deposit or withdrawal per other customer transaction 46% 824 Totals 1004 100% 1001 The Westfield branch of Security Home Bank has submitted the following cost data for last year: $ 144,000 69,000 90,000 $ 303,000 Teller wages Assistant branch manager salary Branch manager salary Total Virtually all other costs of the branch-rent, depreciation, utilities, and so on-are organization-sustaining costs that cannot be meaningfully assigned to individual customer transactions such as depositing checks. In addition to the cost data above, the employees of the Westfield branch have been interviewed concerning how their time was distributed last year across the activities included in the activity-based costing study. The results of those interviews appear below Teller wages Assistant branch manager salary Branch manager salary Activity Opening accounts Opening Accounta 3N 15%. 34 Distribution of Resource Consumption Across Activities Processing Deposits and Withdrawals 661 264 10% Processing deposits and withdrawals Processing other customer transactions Activity Cost Pool Opening accounts Processing deposits and withdrawals Processing other customer transactions Processing Other Customer Transactions The manager of the Westfield branch of Security Home Bank has provided the following data concerning the transactions of the branch during the past year: 16% 23% 254 Activity Rato Total Activity at the weatfield Branch 185 new accounts opened Other Activities 154 47,000 deposits and withdrawals processed 4,400 other customer transactiona processed Required: 1. Compute the activity rates for the activity-based costing system (Round your answers to 2 decimal places.) per account opened per deposit or withdrawal per other customer transaction 46% 824 Totals 1004 100% 1001
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Related Book For
Managerial Accounting
ISBN: 978-0697789938
13th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
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