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10 10 10 30 20 Algebraic method Prosperous Bank has three support areas (administration, human resources, and accounting) and three revenue- generating areas (checking accounts,
10 10 10 30 20 Algebraic method Prosperous Bank has three support areas (administration, human resources, and accounting) and three revenue- generating areas (checking accounts, savings accounts, and loans). Monthly direct costs and the interdepartmental support structure are shown below: Percentage of Service Used by Department Direct Costs Admin. Human Resources Accounting Checking Savings Loans Administration $540,000 10 30 40 10 Human resources 360,000 30 Accounting 300,000 10 10 40 20 20 Checking 630,000 Savings 337,500 Loans 675,000 Compute the total cost for each revenue-generating area of the bank using the algbraic method. Note: Do not round proportions in your calculations; round your final answer to the nearest whole dollar. Note: Round your final answers below to the nearest 100; for example, round 8,668 to 8,700. Checking $ 1,130,000 x Savings 745,500 x 967,000 X Total 2,842,500 Loans $ 10 10 10 30 20 Algebraic method Prosperous Bank has three support areas (administration, human resources, and accounting) and three revenue- generating areas (checking accounts, savings accounts, and loans). Monthly direct costs and the interdepartmental support structure are shown below: Percentage of Service Used by Department Direct Costs Admin. Human Resources Accounting Checking Savings Loans Administration $540,000 10 30 40 10 Human resources 360,000 30 Accounting 300,000 10 10 40 20 20 Checking 630,000 Savings 337,500 Loans 675,000 Compute the total cost for each revenue-generating area of the bank using the algbraic method. Note: Do not round proportions in your calculations; round your final answer to the nearest whole dollar. Note: Round your final answers below to the nearest 100; for example, round 8,668 to 8,700. Checking $ 1,130,000 x Savings 745,500 x 967,000 X Total 2,842,500 Loans $
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