|
Cost Comparison
(200 Checks/Week) |
PREPRINTED |
MICR
CHECKS |
|
PREPRINTED
2-PART CHECK STOCK (10,400 @ $.080 PER CHECK) |
832.00 |
|
|
BLANK CHECK
STOCK (10,400 @ $.025 PER CHECK)
|
|
260.00 |
|
LINE UP VOIDS
@ 4% OF FORM COST (CHECK ALIGNMENT AND OVERRUNS) |
33.00 |
|
|
CHECK
DESTRUCTION @ 2% OF FORM COST (CHECK BREAKS, JAMS, OBSOLESCE, ETC.) |
16.00 |
|
|
OTHER CHECK
EXPENSES @ 5% OF FORM COST (STORAGE, SECURITY, INTERNAL AUDIT) |
42.00 |
|
|
AVERAGE
ANNUAL LINE PRINTER MAINTENANCE CONTRACT |
200.00 |
|
|
AVERAGE
ANNUAL LASER PRINTER MAINTENANCE CONTRACT |
|
175.00 |
|
LINE PRINTER
RIBBONS (10 @ $20.00 EACH) |
200.00 |
|
|
MICR TONER
FOR LASER PRINTER (10,400 @ .025 PER CHECK) |
|
260.00 |
|
CHECK SIGNING
MACHINE MAINTENANCE |
300.00 |
|
|
MANAGEMENT: 2
HRS/WEEK $20.00 HR (RELEASE FORMS, AUTHORIZATIONS, ETC.) |
2,080.00 |
|
|
STAFF: 8
HRS/WEEK @ $10.00 HR (PRINTER SETUP, BURSTING, DECOLLATING, ETC.) |
4,160.00 |
|
|
STAFF: (2 HRS
/WEEK @ $10.00 HR.) |
|
1,040.00 |
|
AMORTIZED
ACQUISITION COST ($3,500.00 AMORTIZED OVER 5 YEARS) |
|
700.00 |
|
TOTAL ANNUAL
CHECK PRINTING COST |
7,863.00 |
2,535.00 |
|
TOTAL ANNUAL
SAVINGS WITH MICR CHECKS
|
|
5,425.00 |
|
TOTAL 5-YEAR SAVINGS WITH MICR LASER CHECKS
|
|
|
|
CHECK
PRINTING COST PER CHECK |
0.75 |
0.23 |
