Friendly Bank is developing an activity-based cost system for its teller department. A taskforce has identified five different activities 1. Process deposits 2. Process withdrawals 3. Answer customer inquiries 4. Sell negotiable instruments 5. Balance drawers By tracing the costs of operating the teller department to these five activities, the task force complied the following information regarding support costs and activities for one of its suburban branches: Estimated Cost Activity Cost Driver Support Activity Quantity $29,630 Purchase deposits Number of deposits processed 33,250 26,080 Process withdrawals Number of withdrawals processed 22,750 $24,860 45,000 Number of customer inquiries Answer inquiries Sell negotiable instruments 4,860 Number of negotiable instruments sold 1.100 Balance drawers Number of drawers balanced 4.290 1,300 $89,720 1. Compute the activity cost driver rates for each of the support activities. Use Excel! 2. The task force has developed the following list of activities for a typical checking account marketed to retired persons. Estimate the total monthly support costs for this checking account product. Use Excel