Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

P Do Homework - Chapter M- X Course Home G chanel - Google Search X Course Home X Dashboard X G chanel - Google Search

image text in transcribed
P Do Homework - Chapter M- X Course Home G chanel - Google Search X Course Home X Dashboard X G chanel - Google Search X MC Chanel Pink Lambskin Rect: X + mylab.pearson.com/Student/PlayerHomework.aspx?homeworkld=642070127&questionld=1&flushed=false&cld=7269176¢erwin=yes : 23/WI Introduction to Managerial Accounting Ali Hamade 05/01/23 3:05 PM Homework: Chapter M-10 Comprehensive Problems Question 1, CPM10-33 (similar to) HW Score: 0%, 0 of 25 points Save Part 1 of 3 Points: 0 of 10 Question list K Pithe Computer Company's payroll accountant has submitted her resignation and will be leaving the company in two weeks. The company must decide if it will hire a replacement or outsource the payroll position. i (Click the icon to view the information.) Read the requirements. O Question 1 Question 2 Requirement 1. Prepare a differential analysis to determine if Pithe Computer Company should replace the employee or outsource the payroll function. (Complete only the necessary answer boxes. Do not enter a "0" for any zero balances. Assume a 52-week year. For any item and/or total where the cost of outsourcing payroll exceeds the cost of replacing the employee, enter difference with a minus sign or parentheses.) Replace Outsource Difference Annual Payroll Costs Employee Payroll (Replace - Outsource) - X Requirements 1. Prepare a differential analysis to determine if Pithe Computer Company should replace the employee or outsource the payroll function. 2. What other factors should Pithe Computer Company consider in making this decision? Total Print Done X More info The current employee earns a salary of $48,000. Medical insurance, employer payroll taxes, and contributions to the pension plan for this position cost $6,500. The company has already invested $28,000 in payroll software. Required annual updates to remain in compliance with all state and federal laws are $425. The company also spends $1,800 per year in professional development for this position to ensure the employee stays up-to-date with payroll changes. Pithe Computer Company pays its employees weekly. Payroll Professionals will process the company's weekly payroll for $1, 100 per week. This fee also includes preparing all necessary payroll tax returns, reports, and W-2s. Print Done Clear all Check

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Theory And Analysis Text And Cases

Authors: Richard G Schroeder, Myrtle W Clark, Jack M Cathey

13th Edition

1119577772, 9781119577775

More Books

Students also viewed these Accounting questions

Question

8. What values do you want others to associate you with?

Answered: 1 week ago