A local regional credit union, Metro Credit Union, has identified the major activities of the credit union, traceable costs, and physical flow of driver units: Activities Traceable Costs Driver Units Open new accounts $30,000 1,000 accounts Process deposits 26,000 400,000 deposits Process withdrawals 10,000 200,000 withdrawals Process loan applications 36,000 900 applications The following activities are used by the Downtown branch and the East branch: - Downtown East New accounts 200 400 Deposits 40,000 20,000 Withdrawals 15,000 18,000 Loan applications 100 160 How much of the deposit cost will be assigned to the East branch? Group of answer choices
A local regional credit union, Metro Credit Union, has identified the major activities of the credit union, traceable costs, and physical flow of driver units: Activities Traceable Costs Driver Units Open new accounts $30,000 1,000 accounts Process deposits 26,000 400,000 deposits Process withdrawals 10,000 200,000 withdrawals Process loan applications 36,000 900 applications The following activities are used by the Downtown branch and the East branch: - Downtown East New accounts 200 400 Deposits 40,000 20,000 Withdrawals 15,000 18,000 Loan applications 100 160 How much of the deposit cost will be assigned to the East branch? Group of answer choices
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
A local regional credit union, Metro Credit Union, has identified the major activities of the credit union, traceable costs, and physical flow of driver units:
| Activities |
Traceable Costs
|
Driver Units
|
|---|---|---|
| Open new accounts |
$30,000 |
1,000 accounts |
| Process deposits |
26,000 |
400,000 deposits |
| Process withdrawals |
10,000 |
200,000 withdrawals |
| Process loan applications |
36,000 |
900 applications |
The following activities are used by the Downtown branch and the East branch:
| - |
Downtown
|
East
|
|---|---|---|
| New accounts |
200
|
400
|
| Deposits |
40,000
|
20,000
|
| Withdrawals |
15,000
|
18,000
|
| Loan applications |
100
|
160
|
How much of the deposit cost will be assigned to the East branch?
Group of answer choices
$36,000
$1,800
$1,300
$ 5,400
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education