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Calculating ABC Unit Costs Community Credit Union has collected the following information for four activities and two types of credit cards: Activity Driver Classic Gold
Calculating ABC Unit Costs
Community Credit Union has collected the following information for four activities and two types of credit cards:
Activity | Driver | Classic | Gold | Activity Rate |
Processing transactions | Transactions processed | 20,000 | 12,000 | $0.20 |
Preparing statements | Number of statements | 20,000 | 12,000 | 0.85 |
Answering questions | Number of calls | 40,000 | 60,000 | 2.00 |
Providing ATMs | ATM transactions | 80,000 | 24,000 | 1.80 |
There are 12,500 holders of Silver cards and 50,000 holders of Premium cards.
Required:
Calculate the unit cost (rounded to the nearest cent) for Silver and Premium credit cards.
Unit cost for Silver | $ |
Unit cost for Premium | $ |
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