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Simplifying the ABC System: TDABC Golding Bank provided the following data about its two checking account products and their associated resources and activities: Traditional Interest Bearing Resources Activities Time per Unit Activity Driver Account Account Supervision $52,000 Processing accounts 0.20 hr. No. of accounts 2,600 1,200 Phone and supplies 72,000 Issuing statements 0.10 hr. No. of statements 60,000 10,000 Salaries 286,000 Processing transactions 0.05 hr. No. of transactions 160,000 120,000 1,500 0.15 h No. of inquiries Computer 22,000 Answering customer inquiries Total 432,000 1,500 At practical capacity, Golding uses 24,000 check processing hours. 1. Calculate the capacity cost rate for the checking account process. Round your answer to the nearest cent- 18 per hour Calculate the activity rates for the four activities. Round your answers to the nearest cent. Processing accounts 3.60 per account Issuing statements 1.80 per statement Processing transactions 0.90 per transaction Answering inguiries 2.70 per inquiry If the total number of statements issued was 26,000, calculate the cost of the issuing statements activity. 46,800 2. Assuming there are 2,000 interest-bearing checking accounts, calculate the cost per account using the activity rates vom Requirement 1. Round y cent. Unit cost 45.45 3. A time equation is used to assign resource costs to checking accounts. Select a time equation for the interent bearing checking account product, 0.20(number of accounts) +0.10(number of statements) + 0.05(number of transactions) 0.15 (umber of inquiries) V Again, assuming that there are 2,600 interest bearing accounts, show that the resource cost per account is the same as calculated in Requirement 2 nearest cent. 11.98 x 4. What it process improvements decreased the number of customer ingaines, leading to a 10 percent reduction in check processing hours and a 58,610 reduction in total resource costs? Calculate the capacity cost rate for the checking account process. Round your answers to the nearest cent. per hour Update all the activity rates for these changes in operating conditions Processing account per account Issuing statements per statement doll Processing transactions per transaction Anong inuines per inquiry Simplifying the ABC System: TDABC Golding Bank provided the following data about its two checking account products and their associated resources and activities: Traditional Interest Bearing Resources Activities Time per Unit Activity Driver Account Account Supervision $52,000 Processing accounts 0.20 hr. No. of accounts 2,600 1,200 Phone and supplies 72,000 Issuing statements 0.10 hr. No. of statements 60,000 10,000 Salaries 286,000 Processing transactions 0.05 hr. No. of transactions 160,000 120,000 1,500 0.15 h No. of inquiries Computer 22,000 Answering customer inquiries Total 432,000 1,500 At practical capacity, Golding uses 24,000 check processing hours. 1. Calculate the capacity cost rate for the checking account process. Round your answer to the nearest cent- 18 per hour Calculate the activity rates for the four activities. Round your answers to the nearest cent. Processing accounts 3.60 per account Issuing statements 1.80 per statement Processing transactions 0.90 per transaction Answering inguiries 2.70 per inquiry If the total number of statements issued was 26,000, calculate the cost of the issuing statements activity. 46,800 2. Assuming there are 2,000 interest-bearing checking accounts, calculate the cost per account using the activity rates vom Requirement 1. Round y cent. Unit cost 45.45 3. A time equation is used to assign resource costs to checking accounts. Select a time equation for the interent bearing checking account product, 0.20(number of accounts) +0.10(number of statements) + 0.05(number of transactions) 0.15 (umber of inquiries) V Again, assuming that there are 2,600 interest bearing accounts, show that the resource cost per account is the same as calculated in Requirement 2 nearest cent. 11.98 x 4. What it process improvements decreased the number of customer ingaines, leading to a 10 percent reduction in check processing hours and a 58,610 reduction in total resource costs? Calculate the capacity cost rate for the checking account process. Round your answers to the nearest cent. per hour Update all the activity rates for these changes in operating conditions Processing account per account Issuing statements per statement doll Processing transactions per transaction Anong inuines per inquiry