Simplifying the ABC System: TDABC Golding Bank provided the following data about its resources and activities for its checking account process: Time per Activity Resources Activities Unit Driver No. of Supervision $56,000 Processing accounts 0.20 hr. accounts Phone and 92,000 No. of supplies Issuing statements 0.10 hr statements Salaries 300,000 Processing No. of 0.05 hr. transactions transactions Computer 24,000 Answering customer No. of 0.15 hr. Inquiries Inquiries Total 480,000 Total check processing 30,000 hours (practical capacity) Required: 1. Calculate the capacity cost rate for the checking account process. Round your answer to the nearest cent. s per hour 2. Calculate the activity rates for the four activities. Round your answers to the nearest cent. Processing accounts s per account per Issuing statements statement Processing per transactions transaction Answering inquiries per Inquiry ir the total number of statements issued was 30,000, calculate the cost of the issuing statements activity, 3. What if process improvements decreased the number of customer inquiries, leading to a 10 percent reduction in check processing hours and a $4,800 reduction in total resource costs? Calculate the capacity cost rate for the checking account process. Round your answers to the nearest cent. S per hour Update all the activity rates for these changes in aperating conditions. Processing accounts per account $ per Issuing statements statement Processing $ per transactions transaction Answering inquiries $ per inquiry