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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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