Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A local regional credit union, Metro Credit Union, has identified the major activities of the credit union, traceable costs, and physical flow of driver units:
A local regional credit union, Metro Credit Union, has identified the major activities of the credit union, traceable costs, and physical flow of driver units:
Activities | Traceable Costs | Driver Units |
---|---|---|
Open new accounts | $30,000 | 1,000 accounts |
Process deposits | 26,000 | 400,000 deposits |
Process withdrawals | 10,000 | 200,000 withdrawals |
Process loan applications | 36,000 | 900 applications |
The following activities are used by the Downtown branch and the East branch:
- | Downtown | East |
---|---|---|
New accounts | 200 | 400 |
Deposits | 40,000 | 20,000 |
Withdrawals | 15,000 | 18,000 |
Loan applications | 100 | 160 |
How much of the loan application cost will be assigned to the Downtown branch?
Group of answer choices
$3,000
$10,400
$4,000
$ 6,400
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started