Uptown Banking offers two types of checking accounts: Student and Premier. The controller accumulated the following...

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Uptown Banking offers two types of checking accounts: Student and Premier. The controller accumulated the following servicing cost data for the bank's activity-based costing (ABC) system: O $27.20 O $38.68 $8.83 O $41.66 Activity. Driver O None of the above Processing deposits Customer service Cashing checks Number of deposits Number of inquiries Checks cashed Student Premier The bank currently has 10,565 Student checking accounts and 15,565 Premier checking accounts. What is the cost per checking account incurred by the bank to provide Premier checking accounts? (Round your final answer to two decimal places.) Activity. Rate $0.55 155,750 200,575 per deposit $1.50 per inquiry $0.75 400,250 345,600 per 75,235 35,900 check Uptown Banking offers two types of checking accounts: Student and Premier. The controller accumulated the following servicing cost data for the bank's activity-based costing (ABC) system: O $27.20 O $38.68 $8.83 O $41.66 Activity. Driver O None of the above Processing deposits Customer service Cashing checks Number of deposits Number of inquiries Checks cashed Student Premier The bank currently has 10,565 Student checking accounts and 15,565 Premier checking accounts. What is the cost per checking account incurred by the bank to provide Premier checking accounts? (Round your final answer to two decimal places.) Activity. Rate $0.55 155,750 200,575 per deposit $1.50 per inquiry $0.75 400,250 345,600 per 75,235 35,900 check

Answer rating: 100% (QA)

To calculate the total servicing cost per Premier checking account using ActivityBased Costing ABC w... View the full answer