Classic 0.20 12,000 0.95 Calculating ABC Unit Costs Perkins National Bank has collected the following information for four activities and two types of credit cards: Activity Driver Gold Activity Rate ($) Processing transactions Transactions processed 12,000 7,200 Preparing statements Number of statements 7,200 Answering questions Number of calls 24,000 36,000 Providing ATMs ATM transactions 48,000 14,400 There are 5,200 holders of Classic cards and 19,100 holders of the Gold cards. Required: Calculate the unit cost (rounded to the nearest cent) for Classic Gold credit cards. 4.00 1.50 Unit cost for Classic 34.96 Unit cost for Gold 8.30 X Feedback Check My Work Determine the unit cost per product by dividing the total cost by the number of units. The first step is to total all costs by product using the activity driver a rate