ABC Bank had the following activities, traceable costs, and physical flow of driver units: ...
70.2K
Verified Solution
Link Copied!
Question
Accounting
ABC Bank had the following activities, traceable costs, and physical flow of driver units:
|
|
| Traceable | Physical flow of |
|
| Activities | Costs | Driver Units |
|
|
|
|
|
|
| Open new accounts | $50,000 | 2,000 accounts |
|
| Process deposits | 40,000 | 100,000 deposits |
|
| Process withdrawals | 30,000 | 100,000 withdrawals |
|
| Process loan applications | 30,000 | 200 applications |
The above activities are used by the Apple Branch and the Orange Branch:
|
|
| Apple Branch | Orange Branch |
|
|
|
|
|
|
| New accounts | 100 | 50 |
|
| Deposits | 20,000 | 10,000 |
|
| Withdrawals | 10,000 | 20,000 |
|
| Loan applications | 100 | 200 |
29. What is ABC Bank's cost per driver unit for the loan application activity?
| a. | $25.00 | |
| b. | $0.40 | |
| c. | $150.00 | |
| d. | $0.30 |
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.