could you help me wth those plz SecuriCorp operates a fleet of armored cars that make scheduled pickups and dellverles in the Los Angeles area. Thecompany is Implementing an activity-based costing system that has four activity cost pools: Travel, Pickup and Dellivery.Customer Service, and Other. The activity measures are miles for the Travel cost pool, number of pickups and deliverles forthe Pickup and Dellvery cost pool, and number of customers for the Customer Service cost pool. The Other cost pool has noactivity measure because It is an organization-sustalning activity. The following costs will be assigned using the activity-basedcosting system:$ 1,148,e00570, e00450, e00Driver and guard wagesVehicle operating expenseVehicle depreciationCustomer representative salaries andexpensesOffice expensesAdministrative expenses480, e00348,e00648, e08$ 3,620, e00Total costThe distribution of resource consumptlon across the activity cost pools Is as follows:Pickup andDelivery35%CustonerTravelServiceOtherTotalsDriver and guard wagesVehicle operating expenseVehicle depreciationCustomer representative salaries andexpensesOffice expensesAdministrative expenses5ex10%5%10e70%5%ex25%100%15%25%1009ex1e%10e%ex20%3exsers1005%Gex35%100Required:Complete the first stage allocations of costs to activity cost pools.Pickup andDeliveryCustomerServiceTravelOtherTotalsDriver and guard wagesVehicle operating expenseVehicle depreciationCustomer representative salaries and expensesOffice expensesAdministrative expensesTotal cost The operations vice president of Security Home Bank has been Interested In Investigating the efficlency of the bank'soperations. She has been particularly concemed about the costs of handling routine transactions at the bank and wouldlike to compare these costs at the bank's varlous branches. If the branches with the most efficlent operations can beIdentified, their methods can be studied and then replicated elsewhere. While the bank malntalns metlculous records ofwages and other costs, there has been no attempt thus far to show how those costs are related to the varlous servicesprovided by the bank. The operations vice president has asked your help in conducting an activity-based costing study ofbank operations. In particular, she would like to know the cost of opening an account, the cost of processing deposits andwithdrawals, and the cost of processing other customer transactions.The Westfield branch of Security Home Bank has submitted the following cost data for last year.Teller wagesAssistant branch manager salaryBranch nanager salary$ 159,e0070,e0088,e00$ 317,800TotalVirtually all other costs of the branch-rent, depreciation, utilites, and so on-are organization-sustalning costs that cannotbe 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 theirtime was distributed last year across the activities Included in the activity-based costing study. The results of thoseIntervlews appear below:Distribution of Resource Consumption Across ActivitiesProcessing OtherCustomerOtherOpeningAccountsProcessing Depositsand WithdrawalsTransactionsActivitiesTotalsTeller wagesAssistant branch manager salaryBranch nanager salary4%73%19%4%100%13%19%25%43%10e4%18%78%100%The manager of the Westfield branch of Security Home Bank has provided the following data conceming the transactionsof the branch durling the past year:ActivityOpening accountsProcessing deposits and withdrawalsProcessing other customer transactionsTotal Activity at the Westfield Branch250 new accounts opened52,5ee deposits and withdrawals processed1,480 other custoner transactions processedRequired:1. Compute the activity rates for the activity-based costing system. (Round your answers to 2 decimal places.)Activity Cost PoolActivity Rateper account openedper deposit or withdrawalOpening accountsProcessing deposits and withdrawalsProcessing other customer transactionsper other customer transaction

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SecuriCorp operates a fieet of armored cars that make scheduled pickups and dellverles In the Los Angeles area. The company is Implementing an activity-based costing system that has four activity cost pools: Travel, Pickup and Delivery, Customer Service, and Other. The activity measures are miles for the Travel cost pool, number of pickups and deliverles for the Pickup and Dellvery cost pool, and number of customers for the Customer Service cost pool. The Other cost pool has no activity measure because It is an organization-sustalning activity. The following costs will be assigned using the activity-based costing system: $ 1,140, e00 570,e00 Driver and guard wages Vehicle operating expense Vehicle depreciation Customer representative salaries and 45e, e0e expenses Office expenses Administrative expenses 480, e0e 340,e00 648, e00 Total cost $ 3,620, 000 The distribution of resource consumption across the activity cost pools is as follows: Custoner Pickup and Delivery 35% 5% Travel Service Other Totals Driver and guard wages Vehicle operating expense Vehicle depreciation Customer representative salaries and expenses Office expenses Administrative expenses sex 10x 5% 10e% 100% 7ex ex 25% Gex 15% ex 25% 100% e 9ex 10% 10e% 20 5% ex se% 100% ex Gex 35% 100% Required: Complete the first stage allocations of costs to activity cost pools.

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q