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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 Classic Gold Activity
Calculating ABC Unit Costs Perkins National Bank has collected the following information for four activities and two types of credit cards: Activity Classic Gold Activity Rate ($) Processing transactions Driver Transactions processed Number of statements 12,000 7,200 0.20 Preparing statements 12,000 7,200 0.95 Number of calls 24,000 36,000 4.00 Answering questions Providing ATMs ATM transactions 48,000 14,400 1.50 There are 4,700 holders of Classic cards and 20,000 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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