Basic Product Costing
Big City Bank processes the checks its customers write at Riverdale Operations Center (ROC). ROC processed 2,800,000 checks in September. It takes only seconds to process a check, so none are left unprocessed at the end of the day. ROC cost data from September show the following costs:
|
Labor
|
$35,000
|
|
Center overhead
|
77,000
|
Required
Compute the cost per processed check for September at ROC.