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Simplifying the ABC System: TDABC Golding Bank provided the following data about its resources and activities for its checking account process: At practical capacity, Golding uses 25,000 check processing hours. Required: 1. Calculate the capacity cost rate for the checking account process. Round your answers to the nearest cent. per bour Calculate the activity rates for the four activities, Round your answers to the nearest cent. 2. Assuming there are 2,000 interest bearing checking accounts, calculate the cost per account using the activity rates from Requirement 1. Round your answers to the nearest cent. Answering inquiries per inquiry 2. Assuming there are 2,000 interest-bearing checong accounts, calculate the cost per account using the actvity rates from Requirement 1 . Round your answers to the nearest cent. Unit cost 1 3. A time equation is used to assign resource costs to checking accounts. Select a time ecustipn for the interest-bearing checking acsount product. 0.20 (number of accounts) +0.10 (number of statements) +0.05 (number of transactions) +0.15 (number of inquiries) v Again, assuming that there are 2,000 interest bearing accounts, show that the resource cost per account is the same as calculated in Requirement 2 . Round your answers to the nearest cent. Unit Cost = is )1 x 4. What if process improviements decreased the number of customer inquirles, leading to a 10 percent, reduction in ck peocessing hours and a $10,000 reduction in total resaurce costs? Calculate the capacty cost rate for the checking account process. Round your answers to the nearest cent. per hour Update al the activity rates for theve changes in operating conditions