Golding Bank provided the following data about its two checking account products and their associated resources and activities: At practical capacity, Golding uses 28,000 check processing hours. Required: 1. Calculate the capacity cost rate for the checking account process. Round your answer to the nearest cent. per hour If the total number of statements issued was 22,000 , calculate the cost of the issuing statements activity. 2. Assuming there are 2,000 interest-bearing checking accounts, calculate the cost per account using the activity rates from Requirement 1 . Round your answers to the nearest cent. Unit cost \$ 3. A time equation is used to assign resource costs to checking accounts. Select a time equation for the interest-bearing checking account product. Again, assuming that there are 2,000 interest bearing accounts, show that the resource cost per account is the same as calculated in Requirement 2 . Round your answers to the nearest cent. 4. What if process improvements decreased the number of customer inquiries, leading to a 10 percent reduction in check processing hours and a $15,680 reduction in total resource costs? Calculate the capacity cost rate for the checking account process. Round your answers to the nearest cent. per hour Update all the activity rates for these changes in operating conditions. per account