Mr. Peter Selibate, president of the First National Friendly Bank, is concerned about the decreasing FUNCTION profits from 19X8 to 19X9. The following cost information is available for both years:

Transcribed Image Text:

19X8 19X9 Interest costs $400,000 $390,000 Advertising costs 70,000 70,000 Promotional costs (toasters given to new depositors) 5,000 6,000 Tellers' salaries 50,000 52,000 Bank vice president's salary 40,000 43,000 President's salary 75,000 125,000 Required: Prepare an analysis by function for the above costs.