Exerclse 7.8 (Algo) Computing and Interpreting Actlvity Rates [LO7.3] The operations vice president of Security Home Bank is Investigating the efficlency of the bank's operations. She is concerned about: the costs of handling routline transactions at the bank and would like to compare these costs at the bank's various branches. If the branches with the most efficlent operations can be identfied, thelr methods can be studled and replicated elsewhere. While the bank malintains meticulous records of wages and other costs, there has been no attempt to show how those costs are related to the varlous services provided by the bank. The operations vice president has asked for your help In conducting an actlvity-based costing study of bank operations. In particular, she would like to know the cost of opening an account, the cost of processing deposits and withdrawals, and the cost of processing other customer transactions. The Westfield branch of Securlty Home Bank submitted the following cost data for last year: Virtually all other costs of the branch-rent, depreclation, utilities, and so on-are organization-sustalning 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 Westield branch were Interviewed concerning how their time was distributed last year across the actliviles included in the actlvity-based costing study. The results of those Intervews appear below. The manager of the Westfield branch of Securlty Home Bank provided the following data concerning the branch's transactions during the past year: Required: 1. Compute the actlivity rates for the actlvity-based costing system. Note: Round your answers to 2 decimal places