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The operations vice president of Security Home Bank has been interested in imvestigating the efficiency of the bank's operations. She The operabons vice president of

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The operations vice president of Security Home Bank has been interested in imvestigating the efficiency of the bank's operations. She The operabons vice president of Security Home Bank has been interested in imvestigating the efficiency of the banks operailo s. Sosts at the bank's various branches. If the branches with the most efficient operations can be identified, their methods can be studied and then replicated eisewhere. While the bank maintains meticulous records of wages and other costs, there has been no attempt thes 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 Westlield branch of Security Home Bank has submitted the following cost data for last year: Virtualiy all other costs of the branch-rent, depreciation, utilities, and so on-are organization-sustaining costs that cannot be meaningfully ossigned to individual customer tronsactions such as depositing checks. In addition to the cost data above, the employees of the Westlield branch have been interviewed concerning how theit time was distributed last year across the activities included in the activity-based costing study. The results of those interviews appear below: The manoger of the Westfield branch of Security Home Bank has provided the following data concerning the transactions of the branch during the past year: Pequired: Compute the activity rates for the octivity-based costing system. (Round your answers to 2 decimal places.) Required: 1. Compute the activity rates for the activity-based costing system. (Round your answers to 2 decimal places.)

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