9 Calculating ABC Unit CostsPerkins National Bank has collected the following information for four activities and two types of credit cards:Gold Activity Rate ($)ActivityProcessing transactionsPreparing statementsAnswering questionsProviding ATMsThere are 5,000 holders of Classic cards and 20,800 holders of the Gold cards.Unit cost for ClassicDriverUnit cost for GoldTransactions processedNumber of statementsNumber of callsATM transactionsS9XClassicRequired:Calculate the unit cost (rounded to the nearest cent) for Classic and Gold credit cards.X12,0007,20012,000 7,20024,000 36,00048,000 14,4000.200.954.001.50

The overhead is allocated to the production on the basis of the different activity rates. The unit…

Perkins National Bank has collected the following information for four activities and two types of credit ca Activity Gold Activity Rate ($) Processing transactions Preparing statements Answering questions Providing ATMs There are 5,000 holders of Classic cards and 20,800 holders of the Gold cards. Required: Driver Unit cost for Gold Transactions processed Number of statements Number of calls ATM transactions REFERRA X Classic X 12,000 Calculate the unit cost (rounded to the nearest cent) for Classic and Gold credit cards. Unit cost for Classic 7,200 12,000 7,200 24,000 36,000 48,000 14,400 0.20 0.95 4.00 1.50

Perkins National Bank has collected the following information for four activities and two types of credit ca Activity Gold Activity Rate ($) Processing transactions Preparing statements Answering questions Providing ATMs There are 5,000 holders of Classic cards and 20,800 holders of the Gold cards. Required: Driver Unit cost for Gold Transactions processed Number of statements Number of calls ATM transactions REFERRA X Classic X 12,000 Calculate the unit cost (rounded to the nearest cent) for Classic and Gold credit cards. Unit cost for Classic 7,200 12,000 7,200 24,000 36,000 48,000 14,400 0.20 0.95 4.00 1.50

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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