4-42 Cost Description Cost Teller Wages (14) $370,000 Retail Sales Manager Salaries &...

Question

4-42
    Cost Description    Cost
    Teller Wages (14)    $370,000
    Retail Sales Manager Salaries & Benefits (3)    $220,000
    Managing Office Salary & Benefits (1)    $120,000
    Other Bank Costs    $400,000
    Total    $1,110,000
    Total Customers    3,100
4-43

hw3-ajuda-vg4rgtxq-bxq0o0f2.xlsx hw3-ajuda-pkln51dv-xwfxizsg.xlsx

Yash · Accepted Answer

ANSWER 4-42
		Computation of Total Cost of each of the three major activities
		Particulars	Open New Accounts	Process Deposits & Withdrawals	Process Other Transactions
		Teller Wages	$   74,000.00	$   203,500.00	$   55,500.00
		Retail Sales Manager Salary	$   33,000.00	$   33,000.00	$   66,000.00
		Managing Officer Salary	$   - 0	$   12,000.00	$   42,000.00
		Total Cost	$   107,000.00	$   248,500.00	$   163,500.00
		Workings
	1.) 	% of time allocated to these activities
		Particulars	Open New Accounts	Process Deposits & Withdrawals	Process Other Transactions
		Teller Wages	20%	55%	15%
		Retail Sales Manager Salary	15%	15%	30%
		Managing Officer Salary	0%	10%	35%
	2.) 	Total Cost
		Teller Wages	$370,000
		Retail Sales Manager Salary	$220,000
		Managing Officer Salary	$120,000
ANSWER 4-43
			1.

4-42 Cost Description Cost Teller Wages (14) $370,000 Retail Sales Manager Salaries & Benefits (3) $220,000 Managing Office Salary & Benefits (1) $120,000 Other Bank Costs $400,000 Total $1,110,000...

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