Multiple Choice
Houston National Bank
Houston National Bank had the following activities,traceable costs,and
Physical flow of driver units:
| Activities | Traceable Costs | Physical flow of Driver Units |
| Open new accounts | $50,000 | 1,000 accounts |
| Process deposits | 36,000 | 400,000 deposits |
| Process withdrawals | 15,000 | 200,000 withdrawals |
| Process loan applications | 27,000 | 900 applications |
The above activities are used by the Memorial branch and the University branch:
| Memorial | University | |
|---|---|---|
| New accounts | 200 | 400 |
| Deposits | 40,000 | 20,000 |
| Withdrawals | 15,000 | 18,000 |
| Loan applications | 100 | 160 |
Refer to Houston National Bank.What is the cost per driver unit for the deposit activity?
A) $0.09
B) $0.075
C) $30.00
D) $50.00
Correct Answer:
Verified
Correct Answer:
Verified
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