{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-27T16:06:30-04:00", "answer_date": "2024-05-27 16:06:30", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1788909", "url": "\/study-help\/questions\/1-check-my-work-625-points-ebook-print-references-express-1788909", "question_creation_date_js": "2024-05-27T16:06:30-04:00", "question_creation_date": "May 27, 2024 04:06 PM", "meta_title": "[Solved] 1 Check my work 6.25 points eBook Print R | SolutionInn", "meta_description": "Answer of - 1 Check my work 6.25 points eBook Print References Express Delivery Company (EDC) is considering outsourcing its Payro | SolutionInn", "meta_keywords": "1,check,work,6.25,points,ebook,print,references,express,delivery,company,edc", "question_title_h1": " 1 Check my work 6.25 points eBook Print References Express Delivery Company (EDC) is considering outsourcing its Payroll Department to a payroll processing company", "question_title": " 1 Check my work 6.25 points eBook Print References Express Delivery", "question_title_for_js_snippet": "1 Check my work 6 25 points eBook Print References Express Delivery Company (EDC) is considering outsourcing its Payroll Department to a payroll processing company for an annual fee of $223,200 An internally prepared report summarizes the Payroll Department's annual operating costs as follows Supplies Payroll clerks' salaries Payroll supervisor's salary Payroll employee training expenses Depreciation of equipment Allocated share of common building operating costs Allocated share of common administrative overhead Total annual operating cost $ 33,200 123,200 61,200 13,200 23,200 18,200 31,200 $ 303,400 EDC currently rents overflow office space for $39,200 per year If the company closes its Payroll Department, the employees occupying the rented office space could be brought in house and the lease agreement on the rented space could be terminated with no penalty If the Payroll Department is outsourced the payroll clerks will not be retained however, the supervisor would be transferred to the company's Human Resource Management Department As a result of this transfer, the company would discontinue its efforts to hire a new Human Resource Manager that it expected to pay an annual salary of $59,200 The Payroll Department's equipment would be transferred to other departments within the company to replace outdated equipment that would be recycled for zero salvage value Required What is the financial advantage (disadvantage) of outsourcing the Payroll Department ", "question_description": "\"image", "transcribed_text": "1 Check my work 6.25 points eBook Print References Express Delivery Company (EDC) is considering outsourcing its Payroll Department to a payroll processing company for an annual fee of $223,200. An internally prepared report summarizes the Payroll Department's annual operating costs as follows: Supplies Payroll clerks' salaries Payroll supervisor's salary Payroll employee training expenses Depreciation of equipment Allocated share of common building operating costs Allocated share of common administrative overhead Total annual operating cost $ 33,200 123,200 61,200 13,200 23,200 18,200 31,200 $ 303,400 EDC currently rents overflow office space for $39,200 per year. If the company closes its Payroll Department, the employees occupying the rented office space could be brought in-house and the lease agreement on the rented space could be terminated with no penalty. If the Payroll Department is outsourced the payroll clerks will not be retained; however, the supervisor would be transferred to the company's Human Resource Management Department. As a result of this transfer, the company would discontinue its efforts to hire a new Human Resource Manager that it expected to pay an annual salary of $59,200. The Payroll Department's equipment would be transferred to other departments within the company to replace outdated equipment that would be recycled for zero salvage value. Required: What is the financial advantage (disadvantage) of outsourcing the Payroll Department?", "related_book": { "title": "Fundamental Managerial Accounting Concepts", "isbn": "71220720, 78110890, 9780071220729, 978-0078110894", "edition": "6th Edition", "authors": "Edmonds, Tsay, olds", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/67.jpg", "uri": "\/textbooks\/fundamentals-managerial-accounting-concepts-6th-edition-67", "see_more_uri": "" }, "free_related_book": { "isbn": "1516720040", "uri": "\/textbooks\/pre-algebra-workbook-grade-6-7-8-secrets-study-guide-and-practice-questions-includes-step-by-step-video-tutorials-1st-edition-978-1516720040-160941", "name": "Pre Algebra Workbook Grade 6 7 8 Secrets Study Guide And Practice Questions Includes Step By Step Video Tutorials", "edition": "1st Edition" }, "question_posted": "2024-05-27 16:06:30", "see_more_questions_link": "\/study-help\/questions\/business-finance-2024-September-21", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/f1-into-components-acting-along-the-u-and-v", "description": "Resolve the force F1 into components acting along the u and v axes and determine the magnitudes of the components. 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