Homework Answers
Answer (A)
Total Cost over 5 Years period for adopting new sofware:
Software cost = 10,000
Implementation & Training Cost = 12,000
Maintenance Cost of 2000 per year = 10,000
Total cost over 5 year period = 32,000
Cost per year = 32000/5 = 6,400
Answer (B)
Total Benefit per Years for adopting new sofware:
Reduced cost = 2,000
Increased unit production = 75 unit
Contribution per unit = Sale - Cost of production = 750-650 = 100 per unit
Total contribution inreased per year for increqased production= 7,500
Total Benefits per year = 9,500
Conclusion: we must purchase new software as it will generate 3,100 each year income.
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