MIS 304 first assignment
Using and Managing Information Systems: Class2
You are looking to buy a computer, the monitor is $200, The computer is $800, delivery and installation is $200, Sales tax is 10%, packing up and disposing of your old computer is $100, what is your initial out-of pocket outlay?
A. 1300
B. 1320
C. 1380
D. 1400
E. 1420
F. 1430
Total cost of Computer & Monitor = $200 +$800 = $1000
Sales tax = 10% of Total cost of Computer & Monitor = $100
Other costs= delivery and installation + disposing old computer = $200 + $100 = $300
Initial out-of pocket outlay = $1000 +$100 + $300 =$1400
“Real” Costs & Benefits
Training costs – Can be 0, when the manager really wants their employees to take it. This won’t happen unless a time is scheduled.
Clickr Q: A new accounting system is being deployed to the accounting department, 10 employees at $20/h + $10/h in benefits ea. require 20 hours of training. To offset this, 100 hours of overtime will be required, assume OT at Time-and-a-half, with benefits are still $10 an hour. What is the real labor cost of this training?
A. $1500
B. $2500
C. $4000
D. $6000
Overtime benefits= is $20 *1.5 + $10 = $40
Number of hours = 100
Real labor cost of Training = $40 * 100 = $4000
Clickr Q: A new sales system is being deployed, 20 employees at $15/h + $10/h in benefits ea. require 10 hours of training. Employees are expected to complete the training during breaks between scheduled client calls, there will be no overtime. What is the real labor cost of this training assuming no lost sales?
A. $0
B. $2000
C. $3000
D. $5000
Solution: $0 because there is no extra labor cost or lost profits
Opportunity Costs – something that you have to forego.
Instead of having sales people make calls, we have them undergo some training. This means we are losing sales. We don’t know how much sales we would lose. We talk to the sales manager and try to have the best estimate of what we are going to lose.
Clickr Q: A new sales system is
You are looking to buy a computer, the monitor is $200, The computer is $800, delivery and installation is $200, Sales tax is 10%, packing up and disposing of your old computer is $100, what is your initial out-of pocket outlay?
A. 1300
B. 1320
C. 1380
D. 1400
E. 1420
F. 1430
Total cost of Computer & Monitor = $200 +$800 = $1000
Sales tax = 10% of Total cost of Computer & Monitor = $100
Other costs= delivery and installation + disposing old computer = $200 + $100 = $300
Initial out-of pocket outlay = $1000 +$100 + $300 =$1400
“Real” Costs & Benefits
Training costs – Can be 0, when the manager really wants their employees to take it. This won’t happen unless a time is scheduled.
Clickr Q: A new accounting system is being deployed to the accounting department, 10 employees at $20/h + $10/h in benefits ea. require 20 hours of training. To offset this, 100 hours of overtime will be required, assume OT at Time-and-a-half, with benefits are still $10 an hour. What is the real labor cost of this training?
A. $1500
B. $2500
C. $4000
D. $6000
Overtime benefits= is $20 *1.5 + $10 = $40
Number of hours = 100
Real labor cost of Training = $40 * 100 = $4000
Clickr Q: A new sales system is being deployed, 20 employees at $15/h + $10/h in benefits ea. require 10 hours of training. Employees are expected to complete the training during breaks between scheduled client calls, there will be no overtime. What is the real labor cost of this training assuming no lost sales?
A. $0
B. $2000
C. $3000
D. $5000
Solution: $0 because there is no extra labor cost or lost profits
Opportunity Costs – something that you have to forego.
Instead of having sales people make calls, we have them undergo some training. This means we are losing sales. We don’t know how much sales we would lose. We talk to the sales manager and try to have the best estimate of what we are going to lose.
Clickr Q: A new sales system is