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ABC Bank had the following activities, traceable costs, and physical flow of driver units: ...

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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

Answer & Explanation Solved by verified expert
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