Current Attempt in Progress The men's a capella group and women's a capella group at the local university use the same rehearsal space. They get a better deal on the space by renting rehearsal time in consecutive 2-hour blocks, for a total cost of $195 for 4 hours. The women's group has a longer tenure at the university and previously paid $115 for its 2-hour session. Using the incremental method and considering the women's group as the first-ranked user, how much of the total cost would be allocated to each group? User Women's group $ Men's group Total +A Cost
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- The men's a capella group and women's a capella group at the local university use the same rehearsal space. They get a better deal on the space by renting rehearsal time in consecutive 2-hour blocks, for a total cost of $207 for 4 hours. The women's group has a longer tenure at the university and previously paid $116 for its 2-hour session. Using the incremental method and considering the women's group as the first-ranked user, how much of the total cost would be allocated to each group? User Women's group Men's group Total $ tA CostProfessional University teaches a large range of undergraduate courses. It is interested in determining the cost equation for the facilities cost as a function of student credit hours so that it an more accurately budget its facilities costs as enrollment grows. Information for the high and low cost semesters and volumes for last 5 years appears below Semester Student Cresit Hours Facilities Cost Spring 2007 250,000 $500,000 Fall 2004 300,000 $530,000 Using the high low method, with student credit hours as the activity driver, wht is the equation for facilities cost (FC) as a function of student credit hours?Thornton Entertainment sponsors rock concerts. The company is considering a contract to hire a band at a cost of $75,000 per concert. Required a. What are the total band cost and the cost per person if concert attendance is 8,000, 8,500, 9,000, 9,500, or 10,000? b. Is the cost of hiring the band a fixed or a variable cost? Complete this question by entering your answers in the tabs below. Required A Required B What are the total band cost and the cost per person if concert attendance is 8,000, 8,50 Note: Round "Cost per person" answers to 2 decimal places. Number attending Total cost of concert Cost per person 8,000 8,500 9,000 Required A 9,500 10,000 Required B >
- A privately-owned summer camp for youngsters has the following data for a 12-week session: Charge per camper: $480 per week Fixed costs: $192,000 per session Variable cost per camper: $320 per week Сарасity: 200 campers a) Develop the mathematical relationships for total cost and total revenue. b) What is the total number of campers that will allow the camp to just breakeven? c) What if the profit or loss for the 12-week session if the camp operates at 80% сараcity? d) What are the marginal and average costs per camper at 80% capacity? e) Would it be ethical to charge campers different rates depending on their family's socioeconomic status? Identify and describe two points pro and two points cons for such a policy. f) Draw cash flow diagram for this problem.Zachary Entertainment sponsors rock concerts. The company is considering a contract to hire a band at a cost of $55,000 per concert. Required a. What are the total band cost and the cost per person if concert attendance is 11,000, 11,500, 12,000, 12,500, or 13,000? b. Is the cost of hiring the band a fixed or a variable cost? Complete this question by entering your answers in the tabs below. Required A Is the cost of hiring the band a fixed or a variable cost? Since the cost of hiring a band remains at Required B regardless of the number attending, it is a Required > < Required ATriad Children's Center (TCC), a non-profit organization, uses relevant cost analysis to determine whether new services are desirable. TCC is looking at adding a new educational program for grade school children who are having difficulty with their reading and math skills. The following relevant costs are expected if the program is accepted: Costs (per year) Program Director salary $ 39,000 Part-time Assistants $ 28,000 Variable cost per child $ 900 TCC estimates that a maximum of 40 children will participate in this program in the first year. If TCC decides to implement this program, funding will be received from the City Chamber of Commerce ($50,000) and a local Private University Endowment Fund ($35,000). Calculate the expected surplus or deficit from operations given the above information.
- The Hartford Symphony Guild is planning its annual dinner-dance. The dinner-dance committee has assembled the following expected costs for the event: Dinner (per person) $ 30 Favors and program (per person) $ 3 Band $ 1,260 Rental of ballroom $ 630 Professional entertainment during intermission $ 1,260 Tickets and advertising $ 3,150 The committee members would like to charge $54 per person for the evening’s activities. Required: 1. What is the break-even point for the dinner-dance (in terms of the number of persons who must attend)? 2. Assume that last year only 200 persons attended the dinner-dance. If the same number attend this year, what price per ticket must be charged in order to break even? (Round your answer to the nearest whole dollar amount.)Franklin Entertainment sponsors rock concerts. The company is considering a contract to hire a band at a cost of $55,000 per concert. 6. Required a. What are the total band cost and the cost per person if concert attendance is 2,000, 2,500, 3,000, 3,500, or 4,000? b. Is the cost of hiring the band a fixed or a variable cost? Skipped Complete this question by entering your answers in the tabs below. Required A Required B What are the total band cost and the cost per person if concert attendance is 2,000, 2,500, 3,000, 3,500, or 4,000? (Round "Cost per person" answers to 2 decimal places.) Number attending 2,000 2,500 3,000 3,500 4,000 Total cost of concert Cost per person Required B >The manager of an e-learning company identified a new course that they could create and sell for $100 per student. The costs for adding this new course to their product offering would be: $2,100 per month to lease additional space, $290 per month for insurance, $4,900 per month for support staff, $3,600 per month for sales staff, and variable costs of $4 per student. They can sell to a maximum of 750 students per month. a. For the company to break even per month, how many students would have to purchase the course? 0 Round up to the next whole number b. If they made a profit of $34,650 last month, how many students purchased the course?
- :A privately owned summer camp for youngsters has the following data for a 15-weeksession Charge per camper $100 per week Fixed costs $45,000 per session Variable cost per camper $60 per week Capacity 220 campers Develop the mathematical relationships for total cost and total revenue (a) What is the total number of campers that will allow the camp to just break even (b) ?What is the profit or loss for the 12-week session if the camp operates at 80% capacity (c)Consider the break-even number of students for a noncredit course in pottery. The course tuition is $500. The variable costs per student are pottery supplies of $300 and enrollment costs of $20. The fixed costs for the course are instructor's salary of $3,000 and rental cost of the classroom of $1,500. The break-even point is students. A) 15 B) 25 C) 35 D) 45 E) none of the above3) A privately-owned summer camp for youngsters has the following data for a 12-week session: $480 week Charge per camper: Fixed costs: $192,000 per session Variable cost per camper: Capacity: 200 campers a) Develop the mathematical relationships for total cost and total revenue. b) What is the total number of campers that will allow the camp to just breakeven? c) What if the profit or loss for the 12-week session if the camp operates at 80% сараcity? d) What are the marginal and average costs per camper at 80% capacity? e) Would it be ethical to charge campers different rates depending on their family's socioeconomic status? Identify and describe two points pro and two points cons for such a policy. f) Draw cash flow diagram for this problem. per $320 per week