Resources Supervision Phone and supplies Salaries Computer Activities Processing accounts Issuing statements Processing transactions Answering customer inquiries Clerical Hours $73,000 97,000 285,000 28,000 Total $483,000 Total • Computers are used only by the issuing (40 percent) and processing transaction (60 percent) activities. • Phone and supplies are 70 percent customer inquiries with the other 30 percent divided equally among the rem • The supervisor spends 100 percent of his time on supervision. In addition to the 26,000 clerical hours, there an activity, which is not listed above). 9,360 5,980 7,020 3,640 26,000

Resources Supervision Phone and supplies Salaries Computer Activities Processing accounts Issuing statements Processing transactions Answering customer inquiries Clerical Hours $73,000 97,000 285,000 28,000 Total $483,000 Total • Computers are used only by the issuing (40 percent) and processing transaction (60 percent) activities. • Phone and supplies are 70 percent customer inquiries with the other 30 percent divided equally among the rem • The supervisor spends 100 percent of his time on supervision. In addition to the 26,000 clerical hours, there an activity, which is not listed above). 9,360 5,980 7,020 3,640 26,000

Financial & Managerial Accounting

13th Edition

ISBN:9781285866307

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter26: Cost Allocation And Activity-Based Costing

Section: Chapter Questions

Problem 26.6CP

See similar textbooks

Similar questions

e - Prod x Module 8 Assessments - ACG20 * CengageNOWv2 | Online teachir ngagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook Show Me How Entries for Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Mathers Co. for July: 1. Cash balance according to the company's records at July 31, $32,110. 2. Cash balance according to the bank statement at July 31, $31,350. 3. Checks outstanding, $2,870. 4. Deposit in transit, not recorded by bank, $4,150. 5. A check for $170 in payment of an account was erroneously recorded in the check register as $710. 6. Bank debit memo for service charges, $20. Journalize the entries that should be made by the company, part (A) Error and part (B) Service Charge a. July 31 Cash Accounts Payable v b. July 31 Miscellaneous Expense v Cash v Feedback Check My Work Keep in mind that the company needs to journalize any adjusting items in the company section…
geNOWv2 | Online teachin x KeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false O eBook Show Me How Accounts receivable turnover and days' sales in receivables For two recent years, Robinhood Company reported the following: 20Υ9 OY8 Sales $7,581,000 $6,435,000 Accounts receivable: Beginning of year 580,000 520,000 End of year 560,000 580,000 a. Determine the accounts receivable turnover for 20Y9 and 20Y8. Round answers to one decimal place. 20Y8: 20Υ9: b. Determine the days' sales in receivables for 20Y9 and 20Y8. Use 365 days and round all calculations to one decimal place. 20Y8: days 20Υ9: days C. Are the changes in the accounts receivable turnover and days' sales in receivables from 20Y8 to 20Y9 favorable or unfavorable? Pre Check My Work Email Instructor Save and Exit Submit
My Transactions Deposits Withdrawals Balance T Success In-process Refund Failed Withdraw is usually processed in minutes 04/13/2024 d012404131907201959881 Copy BANK 07:07 pm In-Payment 1000.00 04/11/2024 d012404111534241952032 BANK Success Copy Need help with this order? Tap to contact us. 03:34 pm 509.00
My Transactions Deposits Withdrawals Balance T Success In-process Refund Failed Withdraw is usually processed in minutes 04/13/2024 d012404131907201959881 EO Copy BANK 07:07 pm In-Payment 1000.00 04/11/2024 d012404111534241952032 BANK Success Copy Need help with this order? Tap to contact us. 03:34 pm 509.00
Simplifying the ABC System: TDABC Golding Bank provided the following data about its resources and activities for its checking account process: Time per Unit Traditional Interest-Bearing Resources Activities Driver of Activity Account Account Supervision S70,000 Processing accounts No. of accounts 0.20 hr. 2,000 1,000 Phone and supplies 90,000 Issuing statements No. of statements 0.10 hr. 60,000 10,000 Salaries 275.000 Processing transactions No. of transactions 0.05 hr. 160.000 120,000 Computer 25,000 Answering customer inquiries No. of inquiries 0.15 hr. 1,500 1,500 Tatal $460,000 At practical capacity, Golding uses 25,000 check processing hours. Required: 1. Calculate the capacity cost rate answers to the nearest cent. for the checking account process. Round your 18.4 V per hour Calculate the activity rates for the four activities. Round your answers to the nearest cent. Processing accounts 3.68 V per account Issuing statements 1.84 V per statement Processing transactions 0.92 V per…
e https://newconnect.mheducation.com/flow/connect.html X e ezto.mheducation.com e ezto.mheducation.com e Portal eChapter 9 Problems Saved Chapter 9 Problems i Scott Duffney, CPA, has randomly selected and audited a sample of 100 of Will-Mart's accounts receivable. Will-Mart has 3,000 accounts receivable accounts with a total book value of $3.600,000. Duffney has determined that the account's tolerable misstatement is $850,000. polnts His sample results are as follows: Average audited value $1,190 eBook Average book value 1,198 Print Required: Calculate the accounts receivable estimated audited value and projected misstatement using the: (Do not round your intermediate calculations and round your final answer to nearest whole dollar.) References Estimated Audited Value Projected Misstatement a. Mean-per-unit method. 3,570,000 $ 30,000 b. Ratio method. C. Difference method. Mc Graw Hill Education Chapter 9 Problem... DELL %24
pevonline.comVOAuth/SharedContent?code3DPILJACKS164&lessonID=11761&assetID-CEV70948 Vocab&activityType=3&courselD%-D3... Save Progress Banking Products & Services - Vocabulary 4 of 9 Match the word with the correct definition. allows individuals to have their paycheck or other payments deposited directly into their account electronic banking terminal which allows customers to complete basic transactions, such as deposits or withdrawals individual who holds legal control of the assets in a trust account electronic movement of money from one account to another :: Automated Teller Machine :: Direct Deposits : Beneficiary :: Electronic Funds Transfer
Question 2 You are reviewing your client's bank feed. She has several expense transactions for the local gas station that are correctly categorized. 1. Go to the For Review tab in the Banking Center 2. Select the multiple gas transactions 3. What step completes the process for adding all of these transactions to the bank feed at the same time? O Select Add
Bank Print supplies question 5 attacheed in ss below thanks for help alptkgopwrhk wrh w
Simplifying the ABC System: TDABC Golding Bank provided the following data about its resources and activities for its checking account process: Time per Unit Traditional Interest-Bearing Resources Activities Driver of Activity Account Account Supervision $70,000 Processing accounts No. of accounts 0.20 hr. 2,000 1,000 Phone and supplies 90,000 Issuing statements No. of statements 0.10 hr. 60,000 10,000 Salaries 275,000 Processing transactions No. of transactions 0.05 hr. 160,000 120,000 Computer 25,000 Answering customer inquiries No. of inquiries 0.15 hr. 1,500 1,500 Total $460,000 At practical capacity, Golding uses 25,000 check processing hours. Required: 1. Calculate the capacity cost rate for the checking account process. Round your answers to the nearest cent. 18.4 V per hour Calculate the activity rates for the four activities. Round your answers to the nearest cent. Processing accounts 3.68 V per account Issuing statements 1.84V per statement Processing transactions 0.92 V per…
Simplifying the ABC System: TDABC Golding Bank provided the following data about its resources and activities for its checking account process: Time per Unit Traditional Interest-Bearing Resources Activities Driver of Activity Account Account Supervision $70,000 Processing accounts No. of accounts 0.20 hr. 2,000 1,000 Phone and supplies 90,000 Issuing statements No. of statements 0.10 hr. 60,000 10,000 Salaries 275,000 Processing transactions No. of transactions 0.05 hr 160,000 120,000 Computer 25,000 Answering customer inquiries No. of inquiries 0.15 hr. 1,500 1,500 Total $460,000 At practical capacity, Golding uses 25,000 check processing hours. Required: 1. Calculate the capacity cost rate for the checking account process. Round your answers to the nearest cent. 18.4 V per hour Calculate the activity rates for the four activities. Round your answers to the nearest cent. Processing accounts 3.68 V per account Issuing statements 1.84 V per statement Processing transactions 0.92 V per…
Simplifying the ABC System: TDABC Golding Bank provided the following data about its resources and activities for its checking account process: Time per Unit Traditional Interest-Bearing Resources Activities Driver of Activity Account Account Supervision $70,000 Processing accounts No. of accounts 0.20 hr 2,000 1,000 Phone and supplies 90,000 Issuing statements No. of statements 0.10 hr. 60,000 10,000 Salaries 275,000 Prncessing transactions No, of transactions 0.05 hr. 160,000 120,000 Computer 25.000 Answering customer inquiries No. af inquiries 0.15 hr. 1,500 1,500 Total $460,000 At practical capacity, Golding uses 25,000 check processing hours. Required: 1. Calculate the capacity cost rate for the checking account process. Round your answers to the nearest cent. 18.4 V per haur Calculate the activity rates for the four activities. Round your answers to the nearest cent. Processing accounts 3.68 V per account Issuing statements 1.84 V per statement Processing transactions 0.92 V per…