Bank have variety of product, such as savings accounts, checking accounts, certificates of deposit (CDs), and loans.
Question:
Bank have variety of product, such as savings accounts, checking accounts, certificates of deposit (CDs), and loans. Assume that you were assigned the task of determining the administrative costs of “savings accounts” as a complete product line. What are some of the activities associated with savings accounts? In answering this question, consider the activities that you might perform with your savings account. For each activity, what would be an activity base that could be used to allocated savings account. For each activity, what would be an activity base that could be used to allocate the activity cost to the saving account product line?
Step by Step Answer:
Financial and Managerial Accounting
ISBN: 978-0538480895
11th Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren