Local bank does not know how much of its salaries related to cheque processing are fixed and
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Question:
Local bank does not know how much of its salaries related to cheque processing are fixed and how much are variable. However, total costs have been estimated at $750,000 for processing of 1,000,000 transactions and $850,000 for processing of 1,200,000 transactions.
What are the variable costs per transaction?
Select one:
a. $2.00
b. $0.75
c. $0.71
d. $0.50
Related Book For
Managerial economics applications strategy and tactics
ISBN: 978-1439079232
12th Edition
Authors: James r. mcguigan, R. Charles Moyer, frederick h. deb harris
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