Question 11 of 11 /10 E Kingbird Professionals, a management consulting firm, specializes in strategic planning for financial institutions. Donald Robinson and Kenneth Lewis, 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 Donald and Kenneth 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 23.00 Financial Institutions Canadian National First Funds Financial Federal Pacific Coast Lakeview Savines 4100 36.00 2700 27.00 Total 15400 Average 30.80 Any company that purchases the new model will need to purchase user manuals to access and operate the system Aho required are specialized computer forms that are sold only by Kingbird Professionals User manuals will be sold to clients in cases of 20, at a cost of $290 per case. One manual must be used each time the model brun because each manual includes a non reusable computer password for operating the system. The specialized computer forms are sold in packages of 230 at a cost of $46 per package. One application or the model requires the use of forms. This amount includes two forms that are generally wasted in each application due to printer lignent errors. The overall cost of the strategic planning model tour clients is $10.900 Most clients will use the model four times Total 15400 Average 30.80 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 Kingbird Professionals. User manuals will be sold to clients in cases of 20. at a cost of $290 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 230 at a cost of $46 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 $10.900. Most clients will use the model four times each year. Kingbird Professionals must provide its clients with estimates of ongoing costs that are incurred in operating the new stratepic planning model. They would like to provide this information in the form of standard costs Determine the standard materials cast associated with the user manual and computer forms for each application of the strategic planning model. Round answers to 2 decimal places, e., 12.25.) User manuals /application Computer forms $ application Total cost 5 /application Attents of 2 used SA Santor
