Required information Tuscaloosa National Bank has two service departments, the Human Resources (HR) Department and the Computing Department. The bank has two other departments that directly service customers, the Deposit Department and the Loan Department. The usage of the two service departments' output for the year is as follows: User of Service Provider of Service HR HR Computing Deposit Loan Computing 0 20% 10% 0 70% 20% 40% 40% The budgeted costs in the two service departments for the year are as follows: HR Computing $ 162,000 238,500 Required: Use the step-down method to allocate the budgeted costs of the HR and Computing departments to the Deposit and Loan departments. Tuscaloosa National Bank allocates the costs of the HR Department first. Note: Do not round intermediate calculations.

Simplifying the ABC System: TDABC Golding Bank provided the following data about its resources and activities for its checking account process: Resources           Activities Time per Unit         Activity Driver Supervision $68,000         Processing accounts 0.20 hr.         No. of accounts Phone and supplies 84,000         Issuing statements 0.10 hr.         No. of statements Salaries 188,000         Processing transactions 0.05 hr.         No. of transactions Computer 20,000         Answering customer inquiries 0.15 hr.         No. of inquiries        Total 360,000                       Total check processinghours 20,000             (practical capacity)           Required:

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…

A local regional credit union, Metro Credit Union, has identified the major activities of the credit union, traceable costs, and physical flow of driver units: Activities Traceable Costs Driver Units Open new accounts $30,000| 1,000 accounts Process deposits 26,000 400,000 deposits Process withdrawals 10,000 200,000 withdrawals Process loan applications 36,000| 900 applications| The following activities are used by the Downtown branch and the East branch: Downtown East New accounts 200 400 Deposits 40,000 15,000 20,000 18,000 Withdrawals Loan applications 100 160 How much of the loan application cost will be assigned to the Downtown branch? O $ 6,400 $10,400 $3,000 O $4,000

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…

A local regional credit union, Metro Credit Union, has identified the major activities of the credit union, traceable costs, and physical flow of driver units: Activities Traceable Costs Driver Units Open new accounts $30,000 1,000 accounts Process deposits 26,000 400,000 deposits Process withdrawals 10,000 200,000 withdrawals Process loan applications 36,000 900 applications The following activities are used by the Downtown branch and the East branch:  - Downtown East New accounts 200 400 Deposits 40,000 20,000 Withdrawals 15,000 18,000 Loan applications 100 160 How much of the deposit cost will be assigned to the East branch? Group of answer choices $36,000 $1,800 $1,300 $  5,400

Simplifying the ABC System: TDABC Golding Bank provided the following data about its two checking account products and their associated resources and activities: Resources Supervision Phone and supplies Salaries Computer Total Activities $62,000 Processing accounts 76,000 Issuing statements 304,000 Processing transactions 26,000 Answering customer inquiries 468,000 At practical capacity, Golding uses 26,000 check processing hours. Required: $ $ $ Processing accounts Issuing statements Processing transactions Answering inquiries 1. Calculate the capacity cost rate for the checking account process. Round your answer to the nearest cent. per hour Calculate the activity rates for the four activities. Round your answers to the nearest cent. Processing accounts Issuing statements Processing transactions Answering inquiries per account per statement per transaction per inquiry Time per Unit Activity Driver No. of accounts No. of statements No. of transactions No. of inquiries $ 0.20 hr. 0.10…

Dallas National Bank had the following activities, traceable costs, and physical flow of driver units: Activities Traceable Costs Physical flow of Driver Units Open new accounts $50,000 1,000 accounts Process deposits 36,000 400,000 deposits Process withdrawals 15,000 200,000 withdrawals Process loan applications 27,000 900 applications The above activities are used by the Memorial branch and the University branch:   Memorial University New accounts 200 400 Deposits 40,000 20,000 Withdrawals 15,000 18,000 Loan applications 100 160 Refer to Dallas National Bank.  What is the cost per driver unit for the deposit activity? Select one: a. $30.00 b. $0.09 c. $0.075 d. $50.00

Dallas National Bank had the following activities, traceable costs, and physical flow of driver units: Activities Traceable Costs Physical flow of Driver Units Open new accounts $50,000 1,000 accounts Process deposits 36,000 400,000 deposits Process withdrawals 15,000 200,000 withdrawals Process loan applications 27,000 900 applications The above activities are used by the Memorial branch and the University branch:   Memorial University New accounts 200 400 Deposits 40,000 20,000 Withdrawals 15,000 18,000 Loan applications 100 160 Refer to Dallas National Bank.  What is the cost per driver unit for new account activity? Select one: a. $30.00 b. $0.075 c. $50.00 d. $0.09 PreviousSave AnswersNext

The operations vice president of Security Home Bank has been interested in investigating the efficiency of the bank's operations. She has been particularly concerned about the costs of handling routine transactions at the bank and would like to compare these costs at the bank's various branches. If the branches with the most efficient operations can be identified, their methods can be studied and then replicated elsewhere. While the bank maintains meticulous records of wages and other costs, there has been no attempt thus far to show how those costs are related to the various services provided by the bank. The operations vice president has asked your help in conducting an activity-based costing study of bank operations. In particular, she would like to know the cost of opening an account, the cost of processing deposits and withdrawals, and the cost of processing other customer transactions. The Westfield branch of Security Home Bank has submitted the following cost data for last year:…