Payment for computer system = (per computer rate, $175 per week) x no. of accountants who access to the computerized system Total permanent costs = payment to accountant + payment for computer system Computation of number of accountants needed per week based on expected demand:
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Simple returns = total no. of expected demand for simple returns/no. of simple returns that an accountant can process. Complex returns = total no. of expected demand for complex returns/no. of complex returns an accountant can process No. of accountants to be hired = no. of accountant needed to meet expected demand – no. of permanent accountant Cost of Temporary Accountants: A. Number of temporary accountants (subtract five permanent accountants from the total) Hiring fees = no. of accountants temporarily hired x hiring rate, $200
Payment for Accountant =no. of accountants hired x pay rate for temporary accountant, $600 Computer System = no. of accountants hired x computer rate, $175 Total Temporary Cost = Hiring fees + payment for accountants + Computer system payment Total Cost = Total permanent costs + total temporary costs B. In this case, we do not need to round up the number of accountants to meet demand in each period Hiring fees = no. of accountants temporarily hired x hiring rate, $200 Payment for Accountant =no. of accountants hired x pay rate for temporary accountant, $600
Computer System = no. of accountants hired x computer rate, $175 Total Temporary Cost = Hiring fees + payment for accountants + Computer system payment Total Cost = Total permanent costs + total temporary costs C. Suppose we used only the five temporary accountants in week 4 and meet the total demand in that week by overtime. Hiring fees = no. of accountants temporarily hired x hiring rate, $200 Payment for Accountant =no. of accountants hired x pay rate for temporary accountant, $600 Computer System = no. of accountants hired x computer rate, $175
Overtime (applicable in week 4) = regular rate x 150% (based from requirement #c) x total no. of accountants that are supposedly still needed to process the demand ( in this case, 3 accountants are still needed based from the data that 8 workers are needed but only 5 workers were used to meet the demand of the week) Total Temporary Cost = Hiring fees + payment for accountants + Computer system payment Total Cost = Total permanent costs + total temporary costs * Total five – week profit = sum of all the profit from first to fifth week
