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.