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Ch. 7 HW for Credit Saved Help Save & Exit Submit The Westfield branch of Security Home Bank has submitted the following cost data for
Ch. 7 HW for Credit Saved Help Save & Exit Submit The Westfield branch of Security Home Bank has submitted the following cost data for last year: 4 Teller wages A88stant branch manager 8alary Branch manager salary Total 147,000 61,000 301,000 25 points Virtually all other costs of the branch-rent, depreciation, utilities, and so on-are organization-ustaining costs that cannot be meaningfully assigned to individual customer transactions such as depositing checks. In addition to the cost data above, the employees of the Westfield branch have been interviewed concerning how their time was distributed last year across the activities included in the activity-based costing study. The results of those interviews appear below: eBook Distribution of Resource Conaumption Acrose Activities Print Processing Processing Opening Deposits and Other Customer Other Accounts ithdrawals Transactions Activities Totala Teller wages Assistant branch manager Branch manager salary 69 162 178 21% 23% 104 55% 73 100 100t 1008 salary 92 The manager of the Westfield branch of Security Home Bank has provided the following data concerning the transactions of the branch during the past year: Activity Opening accounts Processing deposits and withdrawals Procesing other customer transactione Total Activity at the Westfield Branch 240 new accounts opened 52, 000 deposits and withdrawals processed 1,100 other customer traneactione processed Required: 1. Compute the activity rates for the activity-based costing system. (Round your answers to 2 decimal places.) Cost Pool Activity Rate Opening accounts Processing deposits and withdrawals Processing other customer transactions per account opened per deposit or withdrawal per other customer transaction Mc Graw
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