Bramble Professionals a management consulting firm, specializes in strategic planning for financial institutions. Charles Moore and Thomas Jackson, partners in the firm, are assembling a new strategic planning model for clients to use. The model is designed to be used on most personal computers and replaces a rather lengthy manual model currently marketed by the form. To market the new model. Charles and Thomas will need to provide clients with an estimate of the number of labour hours and the computer time needed to operate the modet. The model is currently being test marketed at five small financial institutions. These financial institutions are listed below, along with the number of combined computersbour hours used by each institution to run the model once Financial institutions Computer/Labour Hours Required 22.00 4000 35.00 Canadian National First Funds Financial Federal Pacific Coast Lakeview Savings Total 26.00 26.00 149.00 Average 29.80 Any company that purchases the new model will need to purchase user manuals to access and operate the item. Also required are Specialized computer forms that are sold only by Brantle Professionals. User manuals will be sold to clients in cases of 20. at a cost of $20 percase One manual must be used each time the model is because each manus includes a non reusable computer password for operating the system. The specialized computer forms are sold in package of 220 at a cost of 144 per package One application of the model requires the use of forms. This amount includes two forms that are generally wasted in each application due to printer terror. The overall cost of the strategic planning model to user clients has $10.500. Mostients will use the model four times each year Total 149.00 Average 29.80 Any company that purchases the new model will need to purchase user manuals to access and operate the system. Also required are specialized computer forms that are sold only by Bramble Professionals. User manuals will be sold to clients in cases of 20, at a cost of $280 per case. One manual must be used each time the model is run because each manual includes a non-reusable computer password for operating the system. The specialized computer forms are sold in packages of 220 at a cost of $44 per package. One application of the model requires the use of 40 forms. This amount includes two forms that are generally wasted in each application due to printer alignment errors. The overall cost of the strategic planning model to user clients is $10,500. Most clients will use the model four times each year. Bramble Professionals must provide its clients with estimates of ongoing costs that are incurred in operating the new strategic planning model. They would like to provide this information in the form of standard costs. (d) Determine the standard materials cost associated with the user manuals and computer forms for each application of the strategic planning model (Round answers to 2 decimal places, eg, 12.25.) User manuals /application Computer forms $ /application Total cost $ /application Bramble Professionals, a management consulting firm, specializes in strategic planning for financial institutions. Charles Moore and Thomas Jackson, partners in the firm, are assembling a new strategic planning model for clients to use. The model is designed to be used on most personal computers and replaces a rather lengthy manual model currently marketed by the firm. To market the new model, Charles and Thomas will need to provide clients with an estimate of the number of labour hours and the computer time needed to operate the model. The model is currently being test-marketed at five small financial institutions. These financial institutions are listed below, along with the number of combined computer/labour hours used by each institution to run the model once: Computer/Labour Hours Required 22.00 40.00 Financial Institutions Canadian National First Funds Financial Federal Pacific Coast Lakeview Savings 35.00 26.00 26.00 Total 149.00 Average 29.80 Any company that purchases the new model will need to purchase user manuals to access and operate the system. Also required are specialized computer forms that are sold only by Bramble Professionals. User manuals will be sold to clients in cases of 20, at a cost of $280 per case. One manual must be used each time the model is run because each manual includes a non-reusable computer password for operating the system. The specialized computer forms are sold in packages of 220 at a cost of $44 per package. One application of the model requires the use of 40 forms. This amount includes two forms that are generally wasted in each application due to printer alignment errors. The overall cost of the strategic planning model to user clients is $10,500. Most clients will use the model four times each year Any company that purchases the new model will need to purchase user manuals to access and operate the system. Also required are specialized computer forms that are sold only by Bramble Professionals. User manuals will be sold to clients in cases of 20, at a cost of $280 per case. One manual must be used each time the model is run because each manual includes a non-reusable computer password for operating the system. The specialized computer forms are sold in packages of 220 at a cost of $44 per package. One application of the model requires the use of 40 forms. This amount includes two forms that are generally wasted in each application due to printer alignment errors. The overall cost of the strategic planning model to user clients is $10.500. Most clients will use the model four times each year. Bramble Professionals must provide its clients with estimates of ongoing costs that are incurred in operating the new strategic planning model. They would like to provide this information in the form of standard costs. (d) Determine the standard materials cost associated with the user manuals and computer forms for each application of the strategic planning model (Round answers to 2 decimal places, eg. 12.25.) User manuals /application Computer forms $ /application Total cost $ /application