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to snow now those costs are related to the various services provided by the bank mne operations vice president nas asked your neip In conducting

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to snow now those costs are related to the various services provided by the bank mne operations vice president nas asked your neip 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 Assistant branch manager salary Branch manager salary Total $ 145,000 68,000 91,00 $ 304,000 Virtually all other costs of the branch-rent, depreciation, utilities, and so on are 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 Processing Processing Other Opening Deposits and Customer Other Accounts Withdrawals Transactions Activities Totals Teller wages 3 16% lees Assistant branch manager salary 20% 26% 40% sex Branch manager salary ex 25% 72% 100% 67% 143 14% 3% 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 230 new accounts opened Processing deposits and withdrawals 50,500 deposits and withdrawals processed Processing other customer transactions 1,ose other customer transactions processed Required: 1. Compute the activity rates for the activity-based costing system (Round your answers to 2 decimal places.) Activity Cost Pool Activity Rate Opening accounts per account opened Processing deposits and withdrawals per deposit or withdrawal Processing other customer transactions por other customer transaction

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