ResourcesActivitiesTime per Unit Activity DriverSupervision$$52,000$ Processing accounts$0\mathrm{.}20$ hr$.$No$.$ of accountsPhone and supplies$88,000$ Issuing statements$0\mathrm{.}10$ hr$.$No$.$ of statementsSalaries$354,000$ Processing transactions$0\mathrm{.}05$ hr$.$No$.$ of transactionsComputer$26,000$ Answering customer inquiries$0\mathrm{.}15$ hr$.$No$.$ of inquiriesTotal$520,000$At practical capacity, Golding uses $26,000$ check processing hours.Required:$1.$ Calculate the capacity cost rate for the checking account process. Round your answer to the nearest cent$\mathrm{.}20$per hourCalculate the activity rates for the four activities. Round your answers to the nearest cent.Processing accounts$4$oer account$2$V per statementIssuing statementsProcessina transactions$1$V per transaction$3$ per inquiry Assuming there are $2,000$ interest$-$bearing checking accounts, calculate the cost per account using the activity rates from Requirement $1.$ Round

your answers to the nearest cent.

Unit cost $$8,000$

A time equation is used to assign resource costs to checking accounts. Select a time equation for the interest$-$bearing checking account product.

$0\mathrm{.}20($number of accounts$)+0\mathrm{.}10($number of statements$)+0\mathrm{.}05($number of transactions$)+0\mathrm{.}15($number of inquiries$)$

Again, assuming that there are $2,000$ interest bearing accounts, show that the resource cost per account is the same as calculated in Requirement $2.$

Round your answers to the nearest cent.

Unit Cost $=($$$152,500x)\frac{x}{\sqrt[\phantom{2}]{2,000}}y=76\mathrm{.}25x$

What if process improvements decreased the number of customer hifiries, leading to a $10$ percent reduction in check processing hours and a

$$14,560$ reduction in total resource costs? Calculate the capacity cost rate for the checking account process. Round your answers to the nearest

cent.

$

Update all the activity rates for these changes in operating conditions.

Processing accounts

$14\mathrm{.}05$

$x$ per account

Issuing statements

$x$ per statement

Processing transactions

$x$ per transaction

Answering inquiries

$x$ perinquiry