The Marietta branch of Atlanta State Savings Bank left parenthesis ASSB right parenthesis is a retail branch in a rapidly growing residential area. It services individuals and local businesses. To support its services, the branch employs 14 tellers, 3 retail sales managers (RSMs), and the branch managing officer. The branch services about 2 comma 700 customers. Each of the 70 branches of ASSB is implementing ABC in order to improve profitability. ASSB's branch managing officers have been given the responsibility to implement activity-based costing. The managing officer at the Marietta branch decided to implement a two-stage ABC system. The following process map depicts its two-stage ABC system.

Determine the total cost of opening new accounts. (Leave unused cells blank.) Activity Resource Allocated cost Open new accounts Tellers Retail sales managers Total traceable cost IWO-Stage ABU TELLERS RETAIL SALES MANAGERS $220,000 MANAGING OFFICER $120,000 OTHER RESOURCES (UNALLOCATED) $400,000 $370,000 M 20% 15% OPEN NEW ACCOUNTS 55% 15% 10% PROCESS DEPOSITS AND WITHDRAWALS 15% 30% 35% PROCESS OTHER TRANSACTIONS The Marietta branch has the following cost data for the last year: BE (Click the icon to view the cost data.) All employees have been interviewed as part of the ABC study. For example, tellers were asked how they spent their time. Three major activities were identified. They said that they spent most of their time (65%) processing deposits and withdrawals. They also estimated that they spent about 5% of their time processing new accounts and about 20% of their time processing other transactions. The remaining 10% of their time was spent on all other banking activities. The complete results of the interviews are presented in the following table: (Click the icon to view the internal activity analysis.) Read the requirement. Determine the total cost of opening new accounts. (Leave unused cells blank.) Activity Resource Allocated cost Open new accounts Tellers Retail sales managers Total traceable cost IWO-Stage ABU TELLERS RETAIL SALES MANAGERS $220,000 MANAGING OFFICER $120,000 OTHER RESOURCES (UNALLOCATED) $400,000 $370,000 M 20% 15% OPEN NEW ACCOUNTS 55% 15% 10% PROCESS DEPOSITS AND WITHDRAWALS 15% 30% 35% PROCESS OTHER TRANSACTIONS The Marietta branch has the following cost data for the last year: BE (Click the icon to view the cost data.) All employees have been interviewed as part of the ABC study. For example, tellers were asked how they spent their time. Three major activities were identified. They said that they spent most of their time (65%) processing deposits and withdrawals. They also estimated that they spent about 5% of their time processing new accounts and about 20% of their time processing other transactions. The remaining 10% of their time was spent on all other banking activities. The complete results of the interviews are presented in the following table: (Click the icon to view the internal activity analysis.) Read the requirement