Determine the total monthly activity-based cost

Assignment Help Accounting Basics
Reference no: EM132715314

Problem - Draper Bank uses activity-based costing to determine the cost of servicing customers. There are three activity pools: teller transaction processing, check processing, and ATM transaction processing. The activity rates associated with each activity pool are $3.50 per teller transaction, $0.12 per canceled check, and $0.10 per ATM transaction. Draper Bank had 12 teller transactions, 100 canceled checks, and 20 ATM transactions during the month. Determine the total monthly activity-based cost for Draper Bank during the month.

Reference no: EM132715314

Questions Cloud

Determine the total number of budgeted direct labor hours : The speedboat and bass boat each require 12 direct labor hours for manufacture. Determine the total number of budgeted direct labor hours for the year
Unit 9 team building in business assignment : Unit 9 Team Building in Business Assignment Help and Solution, Pearson BTEC Level 3 International Extended Diploma in Business - Assessment Writing Service
Keep changing their business processes to fit saas : They want to know if they should customize their SaaS to fit their business processes, or keep changing their business processes to fit their SaaS.
What is the computation of cash collections : All sales are on credit. Recent experience shows that 28% of credit sales is collected in the month of the sale, 42% in the month after the sale, 24%.
Determine the total monthly activity-based cost : Draper Bank had 12 teller transactions, 100 canceled checks, and 20 ATM transactions during the month. Determine the total monthly activity-based cost
Determine the total activity cost : Fancy Feet sold 27,500 units of walking shoes, which consisted of 5,000 orders and 1,400 shipments. Determine (a) the total activity cost
Cloud computing make sense for large corporation : When does cloud computing make sense for a large corporation that already has an IS organization?
Determine the factory overhead allocated per unit : The total factory overhead for Diva-nation is budgeted for the year at $180,000, Determine the factory overhead allocated per unit
What effect do you believe artificial intelligence : What effect do you believe artificial intelligence will have on information system infrastructure? Use at least two references to help justify your thinking.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Determine the projected year end fund balance for this fund

General Fund revenues and expenditures for the current year are expected to be as shown here. Determine the projected year end fund balance for this fund.

  Discuss division cost and variance analysis

Variance analysis in cost accounting, Budget versus actual gross margin

  Issuing audit opinion for company financial reports

Auditors have come into a department as part of a company-wide audit prior to issuing an audit opinion for the company's financial reports. In a one- to two- page paper (not including the title and reference pages), explain what the staff should e..

  Examine the motivation of management to manipulate

Identify at least three (3) ratios that could be manipulated to mislead investors and creditors regarding the company's financial condition. Examine the motivation of management to manipulate the ratios identified.

  What is the selling price of the product

Leeks Company's product has a contribution margin per unit of $11.73 and a contribution margin ratio of 23.0%. What is the selling price of the product

  Share of income and dividends

Prepare the entries for Todd Company for the purchase of the stock, share of McGuire income and dividends received from McGuire.

  Corporation files for bankruptcy

In 2001, Donna sells 100 of these shares to Walter (a family friend) for $100,000. In 2007, Egret Corporation files for bankruptcy, and its stock becomes worthless.

  Can a business enter into a transaction

Can a business enter into a transaction in which only the left side of the basic accounting equation is affected? If so, give an example.

  These transactions related to metro bus which provides

these transactions related to metro bus which provides transportation services to residents of chester county. metro

  What is simple rate of return on the new bottling machine

The new machine would cost $7,000 per year to operate. What is the simple rate of return on the new bottling machine

  Prepare a complete statement of cash flows

The loss on the cash sale of equipment was $5,000. Prepare a complete statement of cash flows; report its operating activities using the direct method

  Prepare the journal entries for each of the situations

Prepare the journal entries for each of the situations - At the time of the exchange, the land was advertised for sale at $250,000.The stock was selling at $11 per share.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd