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Calculating ABC Unit Costs Perkins National Bank has collected the following information for four activities and two types of credit cards: Activity Driver Classic Gold
Calculating ABC Unit Costs
Perkins National Bank has collected the following information for four activities and two types of credit cards:
Activity | Driver | Classic | Gold | Activity Rate ($) |
Processing transactions | Transactions processed | 12,000 | 7,200 | 0.20 |
Preparing statements | Number of statements | 12,000 | 7,200 | 0.95 |
Answering questions | Number of calls | 24,000 | 36,000 | 4.00 |
Providing ATMs | ATM transactions | 48,000 | 14,400 | 1.50 |
There are 5,200 holders of Classic cards and 20,900 holders of the Gold cards.
Required:
Calculate the unit cost (rounded to the nearest cent) for Classic and Gold credit cards.
Unit cost for Classic | $ |
Unit cost for Gold | $ |
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