O O 6 M Gmaii 13 Acc1200 901Fa|i2022 Manar x e Question5QUIZ CH7Cor x u Dashboard x i 5 Course Hero x i + v C' 6 ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&|aunchUr|=https%253A%252F%252Fnewconnectrmheducationrcom%252F#/activiu. ] fr Ir El . S L My DriveaGoogle... a YouTube 9 Maps QUIZ CH 7 o 5 6.25 points eBook Hint References Canvas Saved Help Exercise 7-8 (Algo) Computing and Interpreting Activity Rates [LO7-3] The operations vice president of Security Home Bank has been interested in investigating the efficiency of the bank's operations She has been particularly concerned about the costs of handling routine transactions at the bank and would like to compare these costs at the bank's various branches If the branches with the most efcient operations can be identified, their methods can be studied and then replicated elsewhere. While the bank maintains meticulous records of wages and other costs, there has been no attempt thus far to show how those costs are related to the various services provided by the bank. The operations vice president has asked your help in conducting an activitybased 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 Security Home Bank has submitted the following cost data for last year: Teller wages $ 159,000 Assistant branch manager salary 75,000 Branch manager salary 90,000 Total $ 324,000 Virtually all other costs of the branchrent, depreciation, utilities, and so onare organization-sustaining 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 Westfield branch have been interviewed concerning how their time was distributed last year across the activities included in the activity-based costing study. The results of those interviews appear below: Distribution of Resource Consumption Across Activities Processing Processing other Opening Deposits and Customer other Accounts Withdrawals Transactions Activities Totals Teller wages 4% 73% 16% 7% 100% Assistant branch manager salary 9% 19% 25% 47% 100% ( Prev 5 of 8 Next ) j Other Bookmarks Save 5 Exit Submit 0 0 3 ACC1200 901Fa||2022 Manag x 9 Questions-QUIZ CH7-Con x u Dashboard x | 5 Course Hero x l + v (- C' i ezto.mheducation.com/ext/map/index.htmI?_con=con&externa|_browser=0&|aunchUr|=https%253A%252F%252Fnewconnectimheducationicom%252F#/activi.i, [I] r I El . E M Gmail 6 My Drive-Googlem YouTube 9 Maps E33 Canvas Other Bookmarks QUIZ CH 7 0 Saved Help Save a Exit Submit Virtually all other costs of the branchrent, depreciation, utilities, and so onare organization-sustaining 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 Westfield branch have been interviewed concerning how their time was 6.25 distributed last year across the activities included in the activity-based costing study. The results of those interviews appear below: points Distribution of Resource Consumption Across Activities Processing Processing other Opening Deposits and Customer other 63\" Accounts withdrawals Transactions Activities Totals Him Teller wages 4% 73% 16% 7% 100% Assistant branch manager salary 9% 19% 25% 47% 100% Branch manager salary 4% 0% 23% 73% 1003 References The manager of the Westfield branch of Security Home Bank has provided the following data concerning the transactions ofthe branch during the past year: Activity Total Activity at the Westfield Branch Opening accounts 190 new accounts opened Processing deposits and withdrawals 48,000 deposits and withdrawals processed Processing other customer transactions 1,400 other customer transactions processed Required: 1. Compute the activity rates for the activity-based costing system. (Round your answers to 2 decimal places.) Opening accounts per account opened Processing deposits and withdrawals per deposit or withdrawal Processing other customer transactions %