Simplifying the ABC System: TDABC Golding Bank provided the following data about its two checking account products and their associated resources and activities: 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. per hour Calculate the activity rates for the four activities. Round your answers to the nearest cent. Processing accounts Issuing statements Processing transactions Answering inquiries per account per statement per transaction per inquiry 2. Assuming there are 2,600 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 $ 3. A time equation is used to assign resource costs to checking accounts. Select a time equation for the interest-bearing checking account product. 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 =($ ) x )/ process. Round your answers to the nearest cent. per hour Update all the activity rates for these changes in operating conditions. Processing accounts Issuing statements Processing transactions Answering inquiries per account per statement per transaction per inquiry