The Westfield branch of Security Home Bank has submitted the following cost data for last year: Teller
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Question:
The Westfield branch of Security Home Bank has submitted the following cost data for last year:
Teller wages $
Assistant branch manager salary
Branch manager salary
Total $
Virtually all other costs of the branchrent depreciation, utilities, and so onare organizationsustaining 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 activitybased costing study. The results of those interviews appear below:
Distribution of Resource Consumption Across Activities
Opening Accounts Processing Deposits and Withdrawals Processing Other Customer Transactions Other Activities Totals
Teller wages
Assistant branch manager salary
Branch manager salary
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:
Activity Total Activity at the Westfield Branch
Opening accounts new accounts opened
Processing deposits and withdrawals deposits and withdrawals processed
Processing other customer transactions other customer transactions processed
Required:
Compute the activity rates for the activitybased costing system.
Related Book For
Managerial Accounting
ISBN: 978-0697789938
13th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
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