The operations vice president of Security Home Bank has been interested in investigating the efficiency of the banks operations. She has been particularly concerned about the costs of handling routine transactions at the bank and would like to compare these costs at the banks various branches. If the branches with the most efficient operations can be identified, their methods can be studied and then replicated elsewhere. While the bank maintains meticulous records of wages and other costs, there has been no attempt thus far to show how those costs are related to the various services provided by the bank. The operations vice president has asked your help in conducting an activity-based costing study of bank operations. In particular, she would like to know the cost of opening an account, the cost of processing deposits and withdrawals, and the cost of processing other customer transactions.

The Westfield branch of Security Home Bank has submitted the following cost data for last year:

Teller wages	$	156,000
Assistant branch manager salary		67,000
Branch manager salary		91,000
Total	$	314,000

Virtually all other costs of the branchrent, depreciation, utilities, and so onare organization sustaining costs that cannot be meaningfully assigned to individual customer transactions such as depositing checks.

In addition to the cost data above, the employees of the Westfield branch have been interviewed concerning how their time was distributed last year across the activities included in the activity-based costing study. The results of those interviews appear below:

Distribution of Resource Consumption Across Activities
	Opening Accounts		Processing Deposits and Withdrawals		Processing Other Customer Transactions		Other Activities		Totals
Teller wages	4	%	71	%	19	%	6	%	100	%
Assistant branch manager salary	14	%	12	%	23	%	51	%	100	%
Branch manager salary	4	%	0	%	16	%	80	%	100	%

The manager of the Westfield branch of Security Home Bank has provided the following data concerning the transactions of the branch during the past year:

Activity	Total Activity at the Westfield Branch
Opening accounts	255	new accounts opened
Processing deposits and withdrawals	45,500	deposits and withdrawals processed
Processing other customer transactions	1,400	other customer transactions processed

The lowest costs reported by other branches for these activities are displayed below:

Activity	Lowest Cost among All Security Home Bank Branches
Opening accounts	$	55.78	per new account
Processing deposits and withdrawals	$	2.45	per deposit or withdrawal
Processing other customer transactions	$	41.94	per other customer transaction

Required:

1. Compute the activity rates for the activity-based costing system. (Round your answers to 2 decimal places.)

Opening Accounts: activity rates per opened account?

Processing deposits and withdrawls: activity rates per deposit or withdrawl?

Processing other customer transactions: activity rates per oher customer transaction?