What are the variable costs per transaction

Assignment Help Accounting Basics

Reference no: EM132782339

Problem 1: Local bank does not know how much of its salaries related to cheque processing are fixed and how much are variable. However, total costs have been estimated at $750,000 for processing of 1,000,000 transactions and $850,000 for processing of 1,200,000 transactions.

What are the variable costs per transaction?

Select one:

a. $2.00

b. $0.75

c. $0.71

d. $0.50

Problem 2: Local bank does not know how much of its salaries related to cheque processing are fixed and how much are variable. However, total costs have been estimated at $750,000 for processing of 1,000,000 transactions and $850,000 for processing of 1,200,000 transactions.

What are the fixed costs?

Select one:

a. $200,000

b. $40,000

c. $250,000

d. $0

Reference no: EM132782339

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