Golding Bank provided the following data about its resources and activities for its checking account process: Time per Resources Activities Activity Driver Unit 0.20 hr No. of accounts Supervision $70,000 Processing accounts Phone and supplies No. of statements 90,000 Issuing statements 0.10 hr No. of 0.05 hr. 275,000 Salaries Processing transactions transactions Answering customer 0.15 hr 25,000 No, of inquiries Computer inquiries $460,000 Total Total check processing 25,000 hours (practical capacity) Required: 1. Calculate the capacity cost rate for the checking account process. Round your answers to the nearest cent. per hour 2. Calculate the activity rates for the four activities. Round your answers to the nearest cent.. Processing accounts per account Issuing statements per statement Processing transactions per transaction per inquiry Answering inquiries $ If the total number of statements issued was 20,000, calculate the cost of the issuing statements activity 3. What if process improvements decreased the number of customer inquiries, leading to a 10 percent reduction in check processing hours and a $10,000 reduction in total resource costs? Calculate the capacity cost rate for the checking account process per hour Update all the activity rates for these changes in operating conditions. Processing accounts per account Issuing statements per statement Processing transactions per transaction Answering inquiries per inquiry