What are the variable costs per transaction? a. $0.71 b. $0.75 c. $0.50 d. $2.00 Local Bank
Question:
What are the variable costs per transaction?
a. $0.71
b. $0.75
c. $0.50
d. $2.00
Local Bank does not know how much of its salaries related to cheque processing are fixed and how much are variable. However, total costs have been estimated at \($750,000\) for processing of 1,000,000 transactions and \($850,000\) for processing of 1,200,000 transactions.
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