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Cost for tax-related topics (1 day) Cost for accounting/audit-related topics (1.5 days) Lunch for all training participants (3 days) Travel/lodging for trainers Off-Site Training Tax update conference (1 day) 40 staff in tax area need update Mileage/hotel for tax conference (1 night) Accounting/audit update conference (2 days) 30 staff in accounting/audit need update Travel/lodging for accounting/audit conference (2 nights) (b1) Calculate the relevant cost of each option. Total relevant costs S In-house training $5,000 6,000 500 2,000 $400 per person 150 per person 600 per person 300 per person Off-site training

Cost for tax-related topics (1 day) Cost for accounting/audit-related topics (1.5 days) Lunch for all training participants (3 days) Travel/lodging for trainers Off-Site Training Tax update conference (1 day) 40 staff in tax area need update Mileage/hotel for tax conference (1 night) Accounting/audit update conference (2 days) 30 staff in accounting/audit need update Travel/lodging for accounting/audit conference (2 nights) (b1) Calculate the relevant cost of each option. Total relevant costs S In-house training $5,000 6,000 500 2,000 $400 per person 150 per person 600 per person 300 per person Off-site training

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Garcia & Associates is scheduling training for its CPAs to keep them current on tax law changes and revised financial reporting standards. The partners discuss a number of possibilities but need your unbiased opinion-they tend to always choose in-house training because it's less expensive. Perhaps if they altered the delivery format, the staff would be more excited about the process and return from training with a renewed sense of commitment and zest. Costs and other information associated with each of the two training options are as follows. In-House Training Any number of staff can participate Cost for tax-related topics (1 day) Cost for accounting/audit-related topics (1.5 days) Lunch for all training participants (3 days) Travel/lodging for trainers. Off-Site Training Tax update conference (1 day) 40 staff in tax area need update Mileage/hotel for tax conference (1 night) Accounting/audit update conference (2 days) 30 staff in accounting/audit need update Travel/lodging for accounting/audit conference (2 nights) $5,000 6,000 500 2.000 $400 per person 150 per person 600 per person 300 per person
Transcribed Image Text:Garcia & Associates is scheduling training for its CPAs to keep them current on tax law changes and revised financial reporting standards. The partners discuss a number of possibilities but need your unbiased opinion-they tend to always choose in-house training because it's less expensive. Perhaps if they altered the delivery format, the staff would be more excited about the process and return from training with a renewed sense of commitment and zest. Costs and other information associated with each of the two training options are as follows. In-House Training Any number of staff can participate Cost for tax-related topics (1 day) Cost for accounting/audit-related topics (1.5 days) Lunch for all training participants (3 days) Travel/lodging for trainers. Off-Site Training Tax update conference (1 day) 40 staff in tax area need update Mileage/hotel for tax conference (1 night) Accounting/audit update conference (2 days) 30 staff in accounting/audit need update Travel/lodging for accounting/audit conference (2 nights) $5,000 6,000 500 2.000 $400 per person 150 per person 600 per person 300 per person
Any number of staff can participate Cost for tax-related topics (1 day) Cost for accounting/audit-related topics (1.5 days) Lunch for all training participants (3 days) Travel/lodging for trainers Off-Site Training Tax update conference (1 day)) 40 staff in tax area need update Mileage/hotel for tax conference (1 night) Accounting/audit update conference (2 days) 30 staff in accounting/audit need update Travel/lodging for accounting/audit conference (2 nights) (b1) Calculate the relevant cost of each option. Total relevant costs S In-house training $ $5,000 6,000 500 2,000 $400 per person 150 per person 600 per person 300 per person 4 Off-site training
Transcribed Image Text:Any number of staff can participate Cost for tax-related topics (1 day) Cost for accounting/audit-related topics (1.5 days) Lunch for all training participants (3 days) Travel/lodging for trainers Off-Site Training Tax update conference (1 day)) 40 staff in tax area need update Mileage/hotel for tax conference (1 night) Accounting/audit update conference (2 days) 30 staff in accounting/audit need update Travel/lodging for accounting/audit conference (2 nights) (b1) Calculate the relevant cost of each option. Total relevant costs S In-house training $ $5,000 6,000 500 2,000 $400 per person 150 per person 600 per person 300 per person 4 Off-site training
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