Question
Metropolitan Bank uses activity-based costing to determine the cost of servicing customers. There are three activity pools: teller transaction processing, check processing, and ATM transaction
Metropolitan Bank uses activity-based costing to determine the cost of servicing customers. There are three activity pools: teller transaction processing, check processing, and ATM transaction processing. The activity rates associated with each activity pool are $2.30 per teller transaction, $0.21 per canceled check, and $0.08 per ATM transaction. Julie Stone had 13 teller transactions, 82 canceled checks, and 13 ATM transactions during the month.
Determine the total monthly activity-based cost for Stone during the month. Round your answer to the nearest cent.
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