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Perry National Bank has collected the following information for four activities and two types of credit cards. There are 5,000 holders of the Classic credit
Perry National Bank has collected the following information for four activities and two types of credit cards.
There are 5,000 holders of the Classic credit card and 20,000 holders of the Gold credit card.
Activity | Driver | Classic | Gold | Activity Rate |
Processing transactions | Number of transactions Processed | 8,000 | 4,800 | $0.15 |
Preparing statements | Number of statements | 8,000 | 4,800 | $0.90 |
Answering questions | Number of calls | 16,000 | 24,000 | $3.00 |
Providing ATM's | ATM transactions | 32,000 | 9,600 | $1.20 |
Calculate the unit cost (rounded to the nearest cent) for the Classic and the Gold credit cards.
Credit Card Type | Your Answer |
Classic credit card unit cost | |
Gold credit card unit cost
|
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