Question
Activity-Based Costing for a Service Business Metropolitan Bank uses activity-based costing to determine the cost of servicing customers. There are three activity pools: teller transaction
Activity-Based Costing for a Service Business
Metropolitan Bank uses activity-based costing to determine the cost of servicing customers. There are three activity pools: teller transaction processing, check processing, and ATM transaction processing. The activity rates associated with each activity pool are $2.40 per teller transaction, $0.19 per canceled check, and $0.08 per ATM transaction. Janelle Lawson had 10 teller transactions, 81 canceled checks, and 24 ATM transactions during the month.
Determine the total monthly activity-based cost for Lawson during the month. Round your answer to the nearest cent. $
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