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Question 2

Calculate and compare the forecast total accounting costs in the year following MEXIT under the outsource option (B); to assess which option will be most economical for Telford Engineering in the future.

Enter the accountancy department costs for Option B (to the nearest $M’000). For your answer only provide the first three numbers and do not include any symbols, for example

The achieve this answer

Take out the cost cost for the staff would resign pre MEXIT

The staff that remain calculate the cost for those that will be made redundant then find 25% i.e
– 2 partially qualified staff @ 30
-4 technicians @ 20

The other staff accounting cost will be amortization and non current assets which will be 40% less than their current cost or 60% of the current cost

Staff to be retained the cost will be increase by 20%

To the above remember to add the outsourcing cost and HOA

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Unit 8 Accounting Department Cost Quiz. MEXIT

This is a new question that has never been asked in the previous old EPSM

Question 1

Calculate and compare the forecast total accounting costs in the year following MEXIT under the restructured in-house option (A); to assess which option will be most economical for Telford Engineering in the future.

Enter the accountancy department costs for Option A (to the nearest $M’000). For your answer only provide the first three numbers and do not include any symbols, for example, “543”.

The way in which you can answer this question

Total Accounting staff cost is $560

Deduct the staff cost for the staff that will resign before MEXIT i.e
-2 fully qualified staff at $45 each
-2 Partially qualified at $30 each and
-4 Technicians at $20 each

Find the total accounting staff cost after MEXIT (exclusive the Head of Accountant)

This cost will require a 10% increase
The Total payroll cost after the initial increase require a 25% increase for overtime and temp workers

The calculate the Total Accounting DEPARTMENT cost.

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