Question: First Horizon Trust Bank uses activity-based costing to determine the cost of servicing customers. There are three activity pools: teller transaction processing, check processing, and

First Horizon Trust 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 $2.80 per teller transaction, $0.15 per canceled check, and $0.75 per ATM transaction. London Griffey had 4 teller transactions, 45 canceled checks, and 10 ATM transactions during the month. Determine the total monthly activity-based cost for servicing Griffey during the month.

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