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Ahat [919]
3 years ago
5

Seattle bank's start-up division establishes new branch banks. each branch opens with three tellers. total teller cost per branc

h is $96,000 per year. the three tellers combined can process up to 90,000 customer transactions per year. if a branch does not attain a volume of at least 60,000 transactions during its first year of operations, it is closed. if the demand for services exceeds 90,000 transactions, an additional teller is hired and the branch is transferred from the start-up division to regular operations. required what is the relevant range of activity for new branch banks? determine the amount of teller cost in total and the average teller cost per transaction for a branch that processes 60,000, 70,000, 80,000, or 90,000 transactions. in this case (the activity base is the number of transactions for a specific branch), is the teller cost a fixed or a variable cost? determine the amount of teller cost in total and the average teller cost per branch for seattle bank, assuming that the start-up division operates 10, 15, 20, or 25 branches. in this case (the activity base is the number of branches), is the teller cost a fixed or a variable cost?
Business
1 answer:
Setler79 [48]3 years ago
7 0
<span>For a branch that processes 60,000 transactions, the total teller cost is $1.6 per transaction. At 70,000 transactions, the teller cost is $1.37 per transaction. At 80,000, it's $1.2, and at 90,000, it's $1.06. The teller cost is fixed, as it's always $96,000, but the transaction number is variable, as it changes.</span>
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Answer:

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We follow these steps to arrive at the answers:

<u>1. Calculate the base value of closing inventory (CI):</u>

CI_{base value} = \frac{CI*Index at base year}{current price index}

CI_{base value} = \frac{143360*100}{112} =  128,000

<u>2. Calculate additions to inventory at base price</u>

Additions to inventory = CI_{base value} - Beginning inventory

Additions to inventory = 128000 - 100000 = 28,000

<u>3. Calculate the value of additions to inventory at current prices</u>

Additions to inventory_{current Value} = Additions to inventory_{base Value} * \frac{current price index}{base price index}

Additions to inventory_{current Value} = 28,000 * \frac{112}{100} = 31,360

<u>4. Calculate the value of Closing inventory</u>

Closing inventory = Beginning Inventory + Additions to inventory_{current Value}

Closing inventory = 100,000 + 31,360 =  131,360

<u>5. Compute Cost of Goods Sold (COGS):</u>

COGS = Opening Inventory + Purchases - Closing Inventory

COGS = (100000 + 600000 - 131360) = 568640

<u>6. Compute Gross profit</u>

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