The lowest costs reported by other branches for these activities are displayed b

The lowest costs reported by other branches for these activities are displayed below:Lowest Cost AmongActivity All First Bank of Eagle BranchesOpening accounts . . . . . . . . . . . . . . . . . . . . . . . . . . . $24.35 per account openedProcessing deposits and withdrawals . . . . . . . . . . . . $2.72 per deposit or withdrawalProcessing other customer transactions . . . . . . . . . . $48.90 per other customer transactionRequired:1. Using the first-stage allocation from Exercise 8-10 and the above data compute the activity rates for the activity-based costing system. Round all computations to the nearest whole cent.2. What do these results suggest to you concerning operations at the Avon branch?