4-42 Cost DescriptionCost 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...

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...