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Question - Sunland Horticulture provides and maintains live plants in office buildings. The company's 950 customers are charged $40 per month for this service, which includes weekly watering visits. The variable cost to service a customer's location is $19 per month. The company incurs $2,254 each month to maintain its fleet of four service vans and $3,300 each month in salaries. Sunland pays a bookkeeping service $2 per customer each month to handle all invoicing and accounting functions.
C. Mr. Sunland is exploring options to reduce the annual bookkeeping costs.
Option 1: Renegotiate the current contract with the bookkeeping service to pay a flat fee of $10,389 per year plus $1 per customer per month.
Option 2: Hire a part-time bookkeeper for $19,596 per year to handle the invoicing and simple accounting. He would need to pay $6,600 per year to have taxes and year-end financial statements prepared.
Required - Compare the current bookkeeping cost with the two options at customer levels of 950, 1,510, and 1,586.
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