Founders state bank developed a standard

Assignment Help Cost Accounting
Reference no: EM13912614

Founders State Bank developed a standard for teller staffing that provided for one teller to handle 12 customers per hour. During June, the bank averaged 50 customers per hour and had five tellers on duty at all times. (Relief tellers filled in during lunch and rest breaks.) The teller compensation cost is $12 per hour. The bank is open eight hours a day, and there were 21 working days during June.

Required:

a. Calculate the teller efficiency variance during June expressed in terms of number of tellers and cost per hour.
b. Now assume that in June, during the 11 a.m. to 1 p.m. period every day, the bank served an average of 80 customers per hour. During the other six hours of the day, an average of 40 customers per hour were served.
1. Calculate a teller efficiency variance for the 11 to 1 period expressed in terms of number of tellers per hour and total cost for the month.
2. Calculate a teller efficiency variance for the other six hours of the day expressed in terms of number of tellers per hour and total cost for the month.
3. As teller supervisor, explain the significance of the variances calculated in 1 and 2, and explain how you might respond to the uneven work flow during each day.

Reference no: EM13912614

Questions Cloud

What are the bivalent input configurations of the algorithm : Is a decision for v possible if exactly (N - t)/2 processes start the algorithm with input v? What are the bivalent input configurations of the algorithm?
Romano corporation has three operating divisions : Romano Corporation has three operating divisions and requires a 12% return on all investments. Selected information is presented here:
Undamped harmonic oscillator : Find, by the Fourier-series method, the steady-state solution for an undamped harmonic oscillator subject to a force having the form of a rectified sin-wave: F(t)=F0|sinω0t|, where ω0 is the natural frequency of the oscillator.
Prove no asynchronous t-byzantine-robust broadcast exists : Prove that no asynchronous t-Byzantine-robust broadcast algorithm exists for t=N/3. Prove that during the execution of Algorithm 14 .6 at most N(3N + 1) messages are sent by correct processes.
Founders state bank developed a standard : Founders State Bank developed a standard for teller staffing that provided for one teller to handle 12 customers per hour. During June, the bank averaged 50 customers per hour and had five tellers on duty at all times.
Designated for the acquisition of computers : Discovery Barn, a not- for- pro?t science center for children, received a contribution of $30,000 explicitly designated for the acquisition of computers-During the year it acquired $21,000 of computers
What is highest number of messages sent by correct processes : What is the highest number of messages sent by correct processes in Algorithm 15.4 in executions that decide on O? Answer both for the case where the general is correct and the case where the general is faulty.
Determine asset classes for the mutual fund : Determine asset classes for the mutual fund and compare its market performance to the Dow 30 organization. Explain how such classifications and the current investment environment affect decisions concerning portfolio composition.
Shery crow equipment company : Sheryl Crow Equipment Company sold 500 Rollomatics during 2014 at $6,000 each

Reviews

Write a Review

 

Cost Accounting Questions & Answers

  Prepare a trial balance at april 30

Prepare in the order they occurred the journal entries that resulted in the amounts posted to the accounts and prepare a trial balance at April 30, 2012.

  Income tax return for the costs incurred in 2009

Jed wants to know whether he can claim a deduction under section 179 on his 2013 income tax return for the costs incurred in 2009 with respect to planting the vineyard and can someone please let me know if there are deductions that he can claim?

  Safety monitoring system for elderly use for project

Need to build a project  safety Monitoring System for Elderly use for project is: room temperature sensor  body temperature sensor

  Describe how you would deal with his ethical dilemma

What should John do? Describe how you would deal with his ethical dilemma (considering the IMA code of ethics in your response).

  What were the opportunities to transfer income

What was the motive to transfer income from one period to the other? What were the opportunities to transfer income?

  The partnership of frick wilson and clarke has elected to

the partnership of frick wilson and clarke has elected to cease all operations and liquidateits business property. a

  How to prepare a statement of cash flows

At December 31, 009, Cash was $72,650, Accounts Receivable was $35,250, and Accounts Payable was $32,500. Prepare a statement of cash flows for the year 2009 for Lander.

  How the entity funds the activity

How the entity funds the activity, how it pays for it, how it uses the funds. It could have dollar amounts, name of the entity and the news paper used. If it is probable, the Advocate or a news source from Louisiana will be preferable.

  Establish a ledger for the accounts

Establish a ledger for the accounts listed and enter the beginning balances - Post your journal entries to the ledger accounts

  Calculate the unit cost using variable costing

If anticipated production for 2013 is 30,000 units, calculate the unit cost using variable costing and absorption costing. Explain the difference.

  Tonya larsen is being investigated by law enforcement and

tonya larsen is being investigated by law enforcement and southern appalachian insurance company.just before closing on

  Effect of inventory transactions on financial statements

Prepare an income statement for 2010 (use the multistep format) and what is the amount of total assets at the end of the period?

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