Question: Algebraic method Prosperous Bank has three support areas (administration, human resources, and accounting) and three revenue-generating areas (checking accounts, savings accounts, and loans). Monthly direct

Algebraic method Prosperous Bank has three support areas (administration, human resources, and accounting) and three revenue-generating areas (checking accounts, savings accounts, and loans). Monthly direct costs and the interdepartmental support structure are shown below:

Percentage of Service Used by
Department Direct Costs Admin. Human Resources Accounting Checking Savings Loans
Administration $972,000 10 10 30 40 10
Human resources 648,000 10 10 30 20 30
Accounting 540,000 10 10 40 20 20
Checking 1,134,000
Savings 607,500
Loans 1,215,000

Compute the total cost for each revenue-generating area of the bank using the algbraic method. Note: Do not round proportions in your calculations; round your final answer to the nearest whole dollar. Note: Round your final answers below to the nearest 100; for example, round 8,668 to 8,700.

Checking Answer
Savings Answer
Loans Answer
Total Answer

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