Question:

Receiving claim Adjusting claim Paying claim Total

Last updated: 5/16/2023

Receiving claim Adjusting claim Paying claim Total

Receiving claim Adjusting claim Paying claim Total Activities Receiving claim Adjusting claim Paying claim 26 100 Totals 113 100 34 800 S 174 000 15 b Determine the average total process cost per claim payment assuming 5 800 total claims Round to the nearest whole dollar per paid claim 65 c Prepare a table showing the changes in the activity costs as a result of the changes proposed by management If an amount is zero leave the entry box blank Use the minus sign to indicate an additional cost in the last column 20 100 Statewide Insurance Company Changes in the activity costs Activity Cost Prior Activity Cost to Improvement After Improvement Activity Cost Saving