In the last few months, the company you work for has grown 43%. Up until now, payroll has been managed manually using Excel spreadsheets. To increase efficiency and ease of payroll management, the decision has been made to purchase an off-the-shelf software solution. How would you decide what criteria was needed and which solution would work best for your organization?
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In the last few months, the company you work for has grown 43%. Up until now, payroll has been managed manually using Excel spreadsheets. To increase efficiency and ease of payroll management, the decision has been made to purchase an off-the-shelf software solution. How would you decide what criteria was needed and which solution would work best for your organization?
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- You are a management accountant for Time Treasures Company, whose company has recently signed an outsourcing agreement with Spotless. Inc., a janitorial service company. Spotless will provide all of Time Treasures janitorial services, including sweeping floors, hauling trash, washing windows, stocking restrooms, and performing minor repairs. Time Treasures will be billed at an hourly rate based on the type of service performed. The work of common laborers (sweeping, hauling trash) is to be billed at $8 per hour. More skilled (repairs) and more dangerous work (washing outside windows on the 23rd floor) are to be billed at $18 per hour. Supervisory time is to be billed at $20 per hour. Spotless will submit monthly invoices, which will show the number and types of hours for which Time Treasures is being charged. The outsourcing contract is simple and straightforward. A. What are some of the internal control problems you foresee as a result of our sourcing the janitorial service with this contract? B. Explain recommendations to control risk that would you suggest after reviewing the contract.Golding Bank provided the following data about its resources and activities for its checking account process: Required: 1. Calculate the capacity cost rate for the checking account process. 2. Calculate the activity rates for the four activities. If the total number of statements issued was 20,000, calculate the cost of the issuing statements activity. 3. What if process improvements decreased the number of customer inquiries, leading to a 10 percent reduction in check processing hours and a 10,000 reduction in total resource costs? Update all the activity rates for these changes in operating conditions.The main office of a large bank has an annual turnover of 500 office workers. As an employment officer of this bank, discuss the sources you would use in obtaining replacement employees.
- Elliott, Inc., has four salaried clerks to process purchase orders. Each clerk is paid a salary of 25,750 and is capable of processing as many as 6,500 purchase orders per year. Each clerk uses a PC and laser printer in processing orders. Time available on each PC system is sufficient to process 6,500 orders per year. The cost of each PC system is 1,100 per year. In addition to the salaries, Elliott spends 27,560 for forms, postage, and other supplies (assuming 26,000 purchase orders are processed). During the year, 25,350 orders were processed. Required: 1. Classify the resources associated with purchasing as (1) flexible or (2) committed. 2. Compute the total activity availability, and break this into activity usage and unused activity. 3. Calculate the total cost of resources supplied (activity cost), and break this into the cost of activity used and the cost of unused activity. 4. (a) Suppose that a large special order will cause an additional 500 purchase orders. What purchasing costs are relevant? By how much will purchasing costs increase if the order is accepted? (b) Suppose that the special order causes 700 additional purchase orders. How will your answer to (a) change?Research Sdn Bhd is a marketing research firm. The company employs an interview manager to control 40 interviewers who conduct interviews with hypermarket customers. The interviewers are paid monthly in arrears for hours worked, with hourly rates and productivity bonus payments being dependent on surveys undertaken. They submit their monthly time sheets to the company’s head office for processing and the company operates a separate monthly payroll specifically for interviewers’ wages. The company’s wages software program produces on request: A master file update report – detailing the update report number, the amendments madesince the last report, and the number of existing employees on file. A current period payment details report – showing gross payment, deductions and netpayment amounts – by employee and in total. Wage slips – the computerised production of which is requested only after other controlprocedures employed have ensured that information provided on the current…Research Sdn Bhd is a marketing research firm. The company employs an interview manager to control 40 interviewers who conduct interviews with hypermarket customers. The interviewers are paid monthly in arrears for hours worked, with hourly rates and productivity bonus payments being dependent on surveys undertaken. They submit their monthly time sheets to the company’s head office for processing and the company operates a separate monthly payroll specifically for interviewers’ wages. The company’s wages software program produces on request: A master file update report – detailing the update report number, the amendments madesince the last report, and the number of existing employees on file. A current period payment details report – showing gross payment, deductions and netpayment amounts – by employee and in total. Wage slips – the computerised production of which is requested only after other controlprocedures employed have ensured that information provided on the current…
- management consulting firm has four types of professionals on on its staff: Managing consultants, senior associates, field and and office staff. Average rates charged to consulting clients for work of each of these professionals categories are k3150/hour, k1680/hour, k1260/hour and k630/hour respectively. Office records indicate the following number of hours billed last year in each category: 8000, 14000, 24000 and 35000, respectively. If the firm is trying to come up with an average billing rate for estimating client charges for next year, what would you suggest they do and what do you think is the appropriate rate?You run a software development business where customers require immediate technical support. You plan to target 1,092 users this month of which 12.22% will convert and become customers. Each customer will require about 48 minutes of phone support per month from the first month. You plan to recruit the support staff on an hourly basis for $27.7 per hour plus 21.3% in benefits. For every 30 minutes of phone support, each support staff will be entitled to another 15 minutes of administrative and email/messaging support time. How much is the monthly support expense for the customers targeted this month assuming no churn? Options: $5,380 $5,515 $5,649 $5,784 $5,918Camptown Togs, Inc., a children’s clothing manufacturer, has always found payroll processing to becostly because it must be done by a clerk. The numberof piece–goods coupons received by each employeeis collected and the types of tasks performed by eachemployee are calculated. Not long ago, an industrialengineer designed a system that partially automatesthe process by means of a scanner that reads thepiece–goods coupons. Management is enthusiasticabout this system, because it utilizes some personalcomputer systems that were purchased recently. It isexpected that this new automated system will save$45,000 per year in labor. The new system will costabout $30,000 to build and test prior to operation. Itis expected that operating costs, including incometaxes, will be about $5,000 per year. The system willhave a five-year useful life. The expected net salvagevalue of the system is estimated to be $3,000.(a) Identify the cash inflows over the life of theproject.(b) Identify the cash outflows…
- Traya Corp.'s management keeps track of the time it takes to process orders. During the most recent month, the following average times were recorded per order: Wait time is 10.6 days; Inspection time 0.2 day; Process time 2.6 days; Move time 0.6 days; Queue 3.2 days. a. Compute the throughput time b. Compute the manufacturing cycle efficiency c. What percentage of the production time is spent in non-value added activities? d. Compute the delivery cycle time With solution plsChocolate Company is interested in cutting the amount of time between when a customer places an order and when the order is completed. For the first quarter of the year, the following data were reported: Inspection Time 0.5 days Process Time 2.8 days Wait Time 16.0 days Queue Time 4.0 days Move Time 0.7 days Compute the throughput time. Answer(days)One of the operations in the Wonderland Post Office is a mechanical mail sorting operation. In this operation, letter mail is sorted at a rate of one letter per second. The letter is mechanically sorted from a three-digit code input by an operator sitting at a keyboard. The manager of the mechanical sorting operation wants to determine the number of temporary employees to hire for December. The manager estimates that there will be an additional 23,850,000 pieces of mail in December, due to the upcoming holiday season. Assume that the sorting operators are temporary employees. The union contract requires that temporary employees be hired for one month at a time. Each temporary employee is hired to work 125 hours in the month.