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Calculating ABC Unit Costs Perry National Bank has collected the following information for four activities and two types of credit cards: Activity Driver Classic Gold
Calculating ABC Unit Costs
Perry 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 | 8,000 | 4,800 | 0.15 |
Preparing statements | Number of statements | 8,000 | 4,800 | 0.90 |
Answering questions | Number of calls | 16,000 | 24,000 | 3.00 |
Providing ATMs | ATM transactions | 32,000 | 9,600 | 1.20 |
There are 5,200 holders of Classic cards and 19,200 holders of the Gold cards.
Required:
Calculate the unit cost for Classic and Gold credit cards. Round your answers to the nearest cent.
Unit cost | |
Classic | $ |
Gold | $ |
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