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Compute the cost per deposit and the cost to process a check

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Reference no: EM131779168

Question - The University Credit Union (UCU) has engaged your services to determine the cost of its various activities. The following data are available for a representative branch.

Process Process Balance Other Total

Deposits Checks Inquiries Activities cost

Tellers 30% 40% 10% 20% $150,000

Assistant10% 10% 5% 75% 75,000

manager

Managers 2% 3% 5% 90% 90,000

The average branch processes 600,000 deposits and 1,250,000 check transactions each year.

Compute the cost per deposit and the cost to process a check.

Reference no: EM131779168

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