Exercise $7-8($Algo$)$ Computing and Interpreting Activity Rates $[$LO$7-3]$

The operations vice president of Security Home Bank is investigating the efficiency of the bank's operations. She is concerned about

the costs of handling routine transactions at the bank and would like to compare these costs at the bank's various branches. If the

branches with the most efficient operations can be identified, their methods can be studied and replicated elsewhere. While the bank

maintains meticulous records of wages and other costs, there has been no attempt to show how those costs are related to the various

services provided by the bank. The operations vice president has asked for your help in conducting an activity$-$based costing study of

bank operations. In particular, she would like to know the cost of opening an account, the cost of processing deposits and withdrawals,

and the cost of processing other customer transactions.

The Westfield branch of Security Home Bank submitted the following cost data for last year:

Virtually all other costs of the branch$-$rent, depreciation, utilities, and so on$-$are organization$-$sustaining costs that cannot be

meaningfully assigned to individual customer transactions such as depositing checks.

In addition to the cost data above, the employees of the Westfield branch were interviewed concerning how their time was distributed

last year across the activities included in the activity$-$based costing study. The results of those interviews appear below:

The manager of the Westfield branch of Security Home Bank provided the following data concerning the branch's transactions during

the past year:

Required:

Compute the activity rates for the activity$-$based costing system.

Note: Round your answers to $2$ decimal places.