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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 activitiest 4t practical copacity, Golding uses 22,000 check processing hours. Required: 1. Calculate the capacity cost rate for the checking account process. Round your answer to the nearest cent. 5 per hour Calculate the activity rates for the four activities. Round your answers to the nearest cent. If the total number of statements issued was 16,000 , calculate the cost of the issuing statements activity. 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. Unit cost \$ 3. A time equation is used to assign resource costs to checking accounts, Select a time equation for the interest-bearing checking account Aiproduct. 0.20 (number of accounts) +0.10 (number of statements) +0.05 (number of transactions) +0.15 (number of inquiries) Again, assuming that there are 3,000 interest bearing accounts, show that the resource cost per account is the same as calculated in Simplifying the ABC System: TDABC Golding Bank provided the following data about its two checking account products and their associated resources and activitiest 4t practical copacity, Golding uses 22,000 check processing hours. Required: 1. Calculate the capacity cost rate for the checking account process. Round your answer to the nearest cent. 5 per hour Calculate the activity rates for the four activities. Round your answers to the nearest cent. If the total number of statements issued was 16,000 , calculate the cost of the issuing statements activity. 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. Unit cost \$ 3. A time equation is used to assign resource costs to checking accounts, Select a time equation for the interest-bearing checking account Aiproduct. 0.20 (number of accounts) +0.10 (number of statements) +0.05 (number of transactions) +0.15 (number of inquiries) Again, assuming that there are 3,000 interest bearing accounts, show that the resource cost per account is the same as calculated in