Simplifying the ABC System: TOABC Golding Bank provided the following data about its two checking account products and their associated resources and activities: Traditional Interest-Bearing Resources Supervision Activities Time per Unit Activity Driver Account Account $56,000 Processing accounts 0.20 hr. No. of accounts 2,000 1,600 Phone and supplies Salaries 92,000 Issuing statements 0.10 hr. No. of statements 60,000 10,000 432,000 Processing transactions 0.05 hr. Computer 20,000 Answering customer inquiries 0.15 hc No. of transactions No. of inquiries 160,000 120,000 1,500 1,500 Total 600,000 At practical capacity, Golding uses 30,000 check processing hours. Required: 1. Calculate the capacity cost rate for the checking account process. Round your answer to the nearest cent. 20 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 4 per account 2 per statement 1 per transaction 3 per inquiry If the total number of statements issued was 30,000, calculate the cost of the issuing statements activity Book At practical capacity, Golding uses 30,000 check processing hours Required: 1. Calodate the capacity cost rate for the checking account process. Round your answer to the nearest cent. 20 per hour Calculate the activity rates for the four activities. Round your answers to the nearest cent. Processing accounts 4 per account Issuing statements 2 per statement Processing transactions Answering inquiries 1 per transaction per inquiry If the total number of statements issued was 30,000, calculate the cost of the issuing statements activity 60,000 2. 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 3. A time equation is used to assign resource costs to checking accounts. Select a time equation for the interest-bearing checking account product. 0.20(number of accounts) 0.10 number of statements) 0,05(number of transactions) +0.15 number of inquiries) Again, assuming that there are 2.000 interest bearing account Caluate the activity rates for the fur activities Round your answers to the nearest cest 4 per account 1 per transaction de inputy total number of statements ed was 30.000, calculate the cost of the issuing statements activity 0.000 3. Assuming there are 2,000 intarest-bearing checking aunts, calculate the cost per account using the activity rates from premers L Round your answers to the nearest cent 3. de ce costs to checking accounts. Select a time equation for the interest bearing checking account product Aging that there are 2.000 ants, show that the resource cost per account is the same a calculated in Requirement 2. Round your answers to the nearest cent 4. What if process vented the number of customer giries, leading to a 10 percent reduction in check processing hours and a $16.000 reduction in total resource costs? Calculate the capacity cost das all the activity salas for these changes in operating conditions per stateme per tradin per inquiry eBook Simplifying the ABC System: TDABC Golding Bank provided the following data about its two checking account products and their associated resources and activities: Traditional Interest-Bearing Resources Activities Time per Unit Activity Driver Account Account Supervision $56,000 Processing accounts Phone and supplies 92,000 Issuing statements 0.20 hr. 0.10 hr. No. of accounts 2,000 1,600 No. of statements 60,000 10,000 Salaries 432,000 Processing transactions 0.05 hr. No. of transactions 160,000 120,000 Computer 20,000 Answering customer inquiries 0.15 hr. No. of inquiries 1,500 1,500 Total 600,000 At practical capacity, Golding uses 30,000 check processing hours. Required: 1. Calculate the capacity cost rate for the checking account process. Round your answer to the nearest cent. 20 per hour Calculate the activity rates for the four activities. Round your answers to the nearest cent. Processing accounts 4 per account 2 per statement Issuing statements Processing transactions Answering inquiries 1 per transaction 3 per inquiry If the total number of statements issued was 30,000, calculate the cost of the issuing statements activity. 60,000 eBook Calculate the activity rates for the four activities. Round your answers to the nearest cent. Processing accounts per account per statement Issuing statements Processing transactions 1 per transaction 3 per inquiry Answering inquiries If the total number of statements issued was 30,000, calculate the cost of the issuing statements activity. 60,000 2. 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 $ 75.45 X 3. A time equation is used to assign resource costs to checking accounts. Select a time equation for the interest-bearing checking account product. 0.20 number of accounts) + 0.10(number of statements) 0.05(number of transactions) +0.15(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 neare 75.45 X 4. What if process improvements decreased the number of customer inquiries, leading to a 10 percent reduction in check processing hours and a $16,000 reduction in total resource costs process. Round your answers to the nearest cent. 19.6 X per hour Update all the activity rates for these changes in operating conditions. Processing accounts Issuing statements Processing transactions Anewering inquiries 3.92 X per account 1.96 X per statement 0.98 X per transaction - 2.94 X per inquiry