Calculate the unit cost for silver and premium credit cards

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Reference no: EM133061025

Question - Calculating ABC Unit Costs - Community Credit Union has collected the following information for four activities and two types of credit cards:

Activity

Driver

Silver

Premium

Activity Rate

Processing transactions

Transactions processed

20,000

12,000

$0.20

Preparing statements

Number of statements

20,000

12,000

0.85

Answering questions

Number of calls

40,000

60,000

2.00

Providing ATMs

ATM transactions

80,000

24,000

1.80

There are 12,500 holders of Silver cards and 50,000 holders of Premium cards.

Required - Calculate the unit cost (rounded to the nearest cent) for Silver and Premium credit cards.

Reference no: EM133061025

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