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IrvineBank is a local bank. It offers checking accounts and customers can write checks and use a network of automated teller machines. They use practical
IrvineBank is a local bank. It offers checking accounts and customers can write checks and use a network of automated teller machines. They use practical capacity to calculate cost driver rates. A recent study classified IrvineBank's annual operating costs into four activities, and determined logical cost drivers to use in allocating the costs of these four activities: We also have data on two customers below. 10. Using the information above, what is the overhead allocation rate for processing transactions per transaction? Round to two decimal places. A. $0.06 B. $0.13 C. $4.00 D. $7.50 E. $16.67 F. 6% G. 13% H. 400% I. 750% J. 1,667% (Repeating information above, for easy reference) They use practical capacity to calculate cost driver rates. A recent study classified IrvineBank's annual operating costs into four activities, and determined logical cost drivers to use in allocating the costs of these four activities: We also have data on two customers below. 11. Using the information above, use activity-based costing to allocate overhead costs to customer A. You will need to calculate overhead allocation rates for all activities. What is the overhead cost allocated to customer A ? Round to two decimal places. A. $64.21 B. $92.33 C. $100.33 D. $170.66 E. $234.66 F. $379.10
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