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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

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