Question: answer and how to find them please that would help Formulas 1. Total Cost of Training Based on Current Expenses Program Development Costs + Direct

answer and how to find them please that would help answer and how to find them please that would help Formulas 1.

Formulas 1. Total Cost of Training Based on Current Expenses Program Development Costs + Direct Training Program Implementation + Indirect Costs + Hourly Pay for Participants + Lost Productivity 2. Average Training Cost Per Employee - Total Cost of Training / Number of Employees Receiving Training 3. Hours Spent in Training by Eoch Employee - (Total Hourly Pay Cost for All Trainee Participants / Number of Employees Receiving Training / Hourly Pay Rate Estimating Training Expenses Training and development programs can create value for companies. In the short-term, at hast, training programs represent a monetary cost. Consider the following example of training costs: Program development (0.9. salaries and benefits health insurance of personnel, equipment) $35,000 Direct training program implementation (eg, training materials, technology costs, facilities, travel, instructor's salary and benefits): $11,500 Indirect ( 9 overhead cost of its), general and administrative stof time to schedule training facilities, registering oployees for training sessionsD: $100,000 Hourly pay for all employees who are participating in training activities $280,000 Lostproductivity while employees are participating in the training activities $190,000 The total cost of training based on the current expenses is (Round your answers to the nearest hundredths place) Let's assume that 90 employees will participate in this training program for splicity, assume that each employee makes the same hourly pay rate) The average training cost per employee is (Round your answers to the nearest hundredths place) Employees' hourly rate is $35, and employees receive training Based on total hourly pay for employees who are participating in training activities, total hours spent by each employee in training is (Round your answers to the nearest hundredths place) hour

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!