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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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