Reference no: EM132507066

The West?eld branch of Security Home Bank has submitted the following cost data for last year:

Teller wages $ 141,000
Assistant branch manager salary 68,000
Branch manager salary 91,000

Total $ 300.000

• 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 West?eld 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 Opening Deposits and other Customer other

Accounts                                                Withdrawals Transactions Activities Totals
Teller wages                                        5%             69%           17%             9%             100%
Assistant branch manager salary 1              4%            10%          25%            51%                 100%
Branch manager salary                                5%             0%           19%              76%              100% '-

• The manager of the West?eld 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 260 new accounts opened Processing deposits and withdrawals 45,000 deposits and withdrawals processed Processing other customer transactions 1,250 other customer transactions processed

Required:

Question 1. Compute the activity rates for the activity-based costing system. (Round your answers to 2 decimal places.) Opening accounts :per account opened Processing other customer transactions per other customer transaction Processing deposits and withdrawals _ per deposit or withdrawal