v Your answer is correct. Calculate the total cost assigned to the money market checking account. (Round total cost assigned answer to O decimal places, e.g. 1250 and overhead cost per account answer to 2 decimal places, e.g. 15.25.) Total cost assigned to the money market checking account $ (c1) R Your answer is incorrect. Suppose that Kokomo Financial allocates overhead using the number of checking accounts as the allocation base and one cost pool. Determine the cost rate per checking account and the per account cost assigned to the money market checking account. (Round answer to 2 decimal places, e.g. 15.25.) Allocation Base Overhead Cost Per Account Number of Money Market Accounts $ Total Number of Checking Accounts $ Kokomo Financial is a banking services company that offers many different types of checking accounts. It has recently adopted an activity-based costing system to assign costs to various types of checking accounts. The following data relate to one type of checking account, the money market checking account, and the ABC cost pools: Total Number of Checking Accounts Number of Money Market Checking Accounts Checking account cost pools: Cost Pool Returned check costs Checking account reconciliation costs New account setup Copies of cancelled checks Website maintenance (for online banking) Total checking account costs 208,200 Cost $3,384,000 64,860 902,400 285,760 211,500 $4,848,520 65,800 Cost Driver Number of returned checks Number of account reconciliation requests Number of new accounts Number of cancelled check copy requests Per product group (type of checking account) Annual activity information related to cost drivers: Returned checks 188,000 returned checks 16,920 Check reconciliation costs 2,820 checking account reconciliations 400 New accounts 56,400 new accounts 18,800 Cancelled check copy requests 75,200 cancelled check copy requests 47,000 Website costs 10 types of checking accounts 1