• Identify in at least 2 primary activities in banking that the Company must perform to provide its products or services. Be very specific in your description of each activity you decide to identify.
• Identify in detail at least 2 indirect or overhead costs in banking that the Company incurs in connection with that product or service internally.
• Identify in detail an activity base for allocating overhead costs for each of the 2 primary activities you have described. Justify your chosen activity base by describing the base in a sufficient amount of detail, including any alternatives you can think of for allocating overhead, and why one activity base may be preferable or most representative of how the overhead should be allocated.

Answer rating: 100% (QA)

Primary Activity 1 Account Opening Process One primary activity in banking is the account opening process This activity involves various steps to establish new customer accounts such as savings accoun... View the full answer