4. Relocation: a. Using the information that Falkirk gathered on potential real estate savings through relocation, estimate the annual cost savings available through relocating some or all of the accounting functions to New Jersey. b. What are the impacts on AC-US's costs over the next three years, including the one-time costs? (Be sure to include severance costs, using information from Table 6, in the one-time costs). Table 6: Summary Employee Information for Severance Calculations Actual Costs Number of Employees Weeks of Eligible Total Annual Severance Salaries Benefits Load Health 401) Payroll Taxes Tax Department Department head and assistant Federal Tax 2 32 $250.000 $62.500 $17.200 312,500 $19.125 4 N..residents Non NJ, residents 75 145,000 32,200 111.250 89.250 4 34.00 27311 66 357,000 802,000 22.250 17,850 40,100 27,200 59.400 1 142 200,500 51.354 9 140 28.800 47.946 156,750 46.250 627.000 185.000 812,000 32.350 9.250 3 3 20.000 14.152 12 192 203.000 $6.600 40,600 62,119 Total Suate Tazas N.residents NooN..residents Total Controller's Department Department head and assistant SEC Reporting Nresidents Non NJresidents Total U.S. GAAP Reporting N..residents 2 28 295.000 71.250 15,000 14250 21.803 5 96 94.750 18.950 28,994 2 36 379,000 145,000 525,000 36.500 131.250 34,400 17,200 51,600 7.300 28,250 11,169 40,160 7 132 5 74 413.500 103,375 20.375 20575 3,075 31,533 12.355 Non- NJ. residents 2 37,200 12.200 49.400 30 151.500 575,000 Total 7 104 141,750 28.750 3.983 4 52 87,750 27.200 Regulatory Reporting NJ residents Non-residents Total 17.550 8.700 2 351.000 174.000 525,000 30 43500 17,200 25,852 13,311 40,163 6 82 131250 44.400 26.250 4 52 75,750 22 200 22.180 Management Reporting Nesidents Non residents Total 2 30 303.000 152.000 455,000 38.000 17,200 15,150 7,800 22.750 11.628 6 82 113,750 44.400 34.00 Cost Accounting -5 70 322,000 80.500 34.400 16.100 24613 Neidots Now residents Total 1 12 62000 15.750 3.150 4820 10.000 4,400 6 82 385.000 96.250 19.250 General Accounting Ni residents 9 128 199.750 12,754 559.000 89.000 68.400 7,200 1 18 17,250 27.950 2650 31400 Non residents Total 5.279 10 146 628,000 157.000 76,600 08.042 Table 6: Summary Employee Information for Severance Calculations (continued) Actual Costs Number of Employees Weeks of Eligible Total Annual Severance Salaries Benefits Load Health 401(k) Payroll Taxes Accounts Payable NJ. residents 7 106 333,000 83.250 46,600 16,650 Non-NJ. residents 3 60 137,000 25,475 10481 34,250 25,000 6,850 Total 10 166 470,000 117,500 71,600 23,500 35,956 Bank Reconciliation NJ.residents 3 42 137,000 34,250 30,000 6,850 10,481 24 78,000 19,500 12,200 3,900 5,957 66 215,000 53,750 42,200 10,750 16,448 Non-NJ. residents 2 Total 5 Financial Reporting & Analysis Department: Budgeting NJ residents 2 28 44.250 12,200 8,850 13,541 Non-NJ. residents 2 26 177,000 148,000 325,000 37,000 7.400 11,322 Total 4 54 15,000 27,200 81,250 16.250 24,863 Financial Analysis NJ.residents 5 72 526,000 39.400 26,300 40.239 131,500 39,750 2 Non NJ residents Total 30 159,000 12,164 8 102 17200 56,600 685,000 7,950 34,250 171.250 52.403 The wind cons for the countleman 29.072 de ce and continuing benefits for the most perenced staff ember a concis 1114 Ne Wrencing in the tools you fost find the newly weber er well 4. Relocation: a. Using the information that Falkirk gathered on potential real estate savings through relocation, estimate the annual cost savings available through relocating some or all of the accounting functions to New Jersey. b. What are the impacts on AC-US's costs over the next three years, including the one-time costs? (Be sure to include severance costs, using information from Table 6, in the one-time costs). Table 6: Summary Employee Information for Severance Calculations Actual Costs Number of Employees Weeks of Eligible Total Annual Severance Salaries Benefits Load Health 401) Payroll Taxes Tax Department Department head and assistant Federal Tax 2 32 $250.000 $62.500 $17.200 312,500 $19.125 4 N..residents Non NJ, residents 75 145,000 32,200 111.250 89.250 4 34.00 27311 66 357,000 802,000 22.250 17,850 40,100 27,200 59.400 1 142 200,500 51.354 9 140 28.800 47.946 156,750 46.250 627.000 185.000 812,000 32.350 9.250 3 3 20.000 14.152 12 192 203.000 $6.600 40,600 62,119 Total Suate Tazas N.residents NooN..residents Total Controller's Department Department head and assistant SEC Reporting Nresidents Non NJresidents Total U.S. GAAP Reporting N..residents 2 28 295.000 71.250 15,000 14250 21.803 5 96 94.750 18.950 28,994 2 36 379,000 145,000 525,000 36.500 131.250 34,400 17,200 51,600 7.300 28,250 11,169 40,160 7 132 5 74 413.500 103,375 20.375 20575 3,075 31,533 12.355 Non- NJ. residents 2 37,200 12.200 49.400 30 151.500 575,000 Total 7 104 141,750 28.750 3.983 4 52 87,750 27.200 Regulatory Reporting NJ residents Non-residents Total 17.550 8.700 2 351.000 174.000 525,000 30 43500 17,200 25,852 13,311 40,163 6 82 131250 44.400 26.250 4 52 75,750 22 200 22.180 Management Reporting Nesidents Non residents Total 2 30 303.000 152.000 455,000 38.000 17,200 15,150 7,800 22.750 11.628 6 82 113,750 44.400 34.00 Cost Accounting -5 70 322,000 80.500 34.400 16.100 24613 Neidots Now residents Total 1 12 62000 15.750 3.150 4820 10.000 4,400 6 82 385.000 96.250 19.250 General Accounting Ni residents 9 128 199.750 12,754 559.000 89.000 68.400 7,200 1 18 17,250 27.950 2650 31400 Non residents Total 5.279 10 146 628,000 157.000 76,600 08.042 Table 6: Summary Employee Information for Severance Calculations (continued) Actual Costs Number of Employees Weeks of Eligible Total Annual Severance Salaries Benefits Load Health 401(k) Payroll Taxes Accounts Payable NJ. residents 7 106 333,000 83.250 46,600 16,650 Non-NJ. residents 3 60 137,000 25,475 10481 34,250 25,000 6,850 Total 10 166 470,000 117,500 71,600 23,500 35,956 Bank Reconciliation NJ.residents 3 42 137,000 34,250 30,000 6,850 10,481 24 78,000 19,500 12,200 3,900 5,957 66 215,000 53,750 42,200 10,750 16,448 Non-NJ. residents 2 Total 5 Financial Reporting & Analysis Department: Budgeting NJ residents 2 28 44.250 12,200 8,850 13,541 Non-NJ. residents 2 26 177,000 148,000 325,000 37,000 7.400 11,322 Total 4 54 15,000 27,200 81,250 16.250 24,863 Financial Analysis NJ.residents 5 72 526,000 39.400 26,300 40.239 131,500 39,750 2 Non NJ residents Total 30 159,000 12,164 8 102 17200 56,600 685,000 7,950 34,250 171.250 52.403 The wind cons for the countleman 29.072 de ce and continuing benefits for the most perenced staff ember a concis 1114 Ne Wrencing in the tools you fost find the newly weber er well