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Concord Consulting provides weekly payroll processing for a number of small businesses. Gia Concord, the company's owner, has been using an activity-based costing system for
Concord Consulting provides weekly payroll processing for a number of small businesses. Gia Concord, the company's owner, has been using an activity-based costing system for several years. She used the following information in preparing this year's budget. Activity Cost Pool Total Cost Cost Driver Expected Driver Volume Setting up new employees $ 75,500 Number of new employees 500 Processing weekly payroll $ 788,806 Number of paychecks printed 2,547,000 Weekly reporting $ 306,000 Number of clients 100 Annual tax reporting $ 193,200 Number of W-25 printed 64,400 Calculate the cost rates for each activity cost pool. (Round answers to 2 decimal places, eg. 15.25.) Cost Pool Activity Rate Setting up new employees ta $ ew employee Processing weekly payroll ta /check Weekly reporting ta /client Annual tax reporting ta /W-2 Gia is preparing a proposal for a prospective client, Jason's Juice Bar. The client has 23 employees. What is the estimated cost of providing weekly payroll services to this client for the first year? (Round answers to 2 decimal places, e.g. 15.25.) Cost Pool Expected Annual Cost Setting up new employees $ Processing weekly payroll Weekly reporting Annual tax reporting Total
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