Pilot Bank Uses Activity-Based Costing The Above Activities Are Used by Downtown Branch and North

Essay

Pilot Bank uses activity-based costing.Pilot Bank has the following activities,traceable costs,and cost drivers:
$\begin{array}{lll}\text { Activities }&\text { Traceable Costs }&\text { Cost Drivers }\\\hline\text { Open new accounts } & \$ 40,000 & 1,000 \text { accounts } \\\text { Process deposits } & \$ 72,000 & 360,000 \text { deposits } \\\text { Process withdrawals } & \$ 100,000 & 200,000 \text { withdrawals }\end{array}$
The above activities are used by Downtown branch and North branch as follows:
$\begin{array}{lll}\text { Activities }&\text { Downtown}&\text { North }\\\hline\text { Open new accounts } & 200 & 400 \\\text { Process deposits } & 40,000 & 20,000 \\\text { Process withdrawals } & 15,000 & 18,000 \\\end{array}$
Required:
A) Compute the new account cost assigned to the North branch.
B) Compute the deposit processing cost assigned to the Downtown branch.
C) Compute the withdrawal processing cost assigned to the Downtown branch.