Question: need help on 3 and 4 Simplifying the ABC System: TDABC Assuming there are 2 , 0 0 0 interest - bearing checking accounts, calculate
need help on and Simplifying the ABC System: TDABC Assuming there are interestbearing checking accounts, calculate the cost per account using the activity rates from Requirement Round your answers to
the nearest cent.
Unit cost $
A time equation is used to assign resource costs to checking accounts. Select a time equation for the interestbearing checking account product.
number of accountsnumber of statementsnumber of transactionsnumber of inquiries
Again, assuming that there are interest bearing accounts, show that the resource cost per account is the same as calculated in Requirement Round your
answers to the nearest cent.
Unit Cost
X
Golding Bank provided the following data about its two checking account products and their associated resources and activities:
At practical capacity, Golding uses check processing hours.
Required:
Calculate the capacity cost rate for the checking account process. Round your answer to the nearest cent.
$
per hour
Calculate the activity rates for the four activities. Round your answers to the nearest cent.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
