Simplifying the ABC System: TDABC Golding Bank provided the following data about its two checking account products and their associated resources and activities: Interest-Bear Resources Activities Time per Unit Activity Driver Traditional Account Account Supervision $70,000 Processing accounts 0.20 hr. No. of accounts 3,000 1,800 Phone and supplies 74,000 Issuing statements 0.10 hr. No. of statements 60,000 10,000 Salaries 230,000 Processing transactions 0.05 hr. No. of transactions 160,000 120,000 Computer 22,000 Answering customer inquiries 0.15 hr. No. of inquiries 1,500 1,500 Total 396,000 At practical capacity, Golding uses 22,000 check processing hours. Required: 1. Calculate the capacity cost rate for the checking account process. Round your answer to the nearest cent. 18 per hour Calculate the activity rates for the four activities. Round your answers to the nearest cent. Processing accounts Issuing statements 3.6 per account 1.8 per statement