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1. The University Credit Union has engaged your services to determine the cost of its various activities. The following data are available for a representative
1. The University Credit Union has engaged your services to determine the cost of its various activities. The following data are available for a representative branch.
Process deposits | Process checks | Balance inquiries | Other activities | Total cost | |
Tellers | 30% | 40% | 10% | 20% | $150,000 |
Asst Mgr | 10% | 10% | 5% | 75% | 75,000 |
Manager | 2% | 3% | 5% | 90% | 90,000 |
The average branch processes 600,000 deposits and 1,250,000 check transactions each year.
1-1. Compute cost per deposit
1-2. Compute cost to process a check
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