1. Define each of the following terms:

A. Marginal Cost

B. Recurring

C. Indirect Cost

D. Direct Cost

E. Fixed Cost

F. Up Front Cost

G. Variable Cost

H. Unit Cost

I. One Time Cost

J. Operating Cost

K. Step Cost

Pensions are 9.5% of salary for each FTE. The city pays A 78 1. One Time Cost J. Operating cost K. Step Cost Matice eated and are ir jos y range date filters / Directions: Templates for answering questions are found in the appena ed and/or copied and pasted into a MS Word document. Email you but Excel formulas to calculate the answers. All of the responses should be com spreadsheet to your instructor and turn in the MS Word document in class. 2. The city council for Jefferson City decided to create a new Tours Department in FY 2019. The department has a director, secretary, marketing director, two van drivers, and three tourism officers. As the budget officer Each tourism officer is eligible for 50% of the fringe benefits (health insurance premium, life insurance and pension). Training costs associated with each tourism officer is $500 Life insurance premiums are $25.00 per month for each FTE Chapter Three Chapter 3 Homework Exercises 1. Define each of the following terms: E. Fixed Cost A. Marginal Cost B. Recurring Cost F. Up Front Cost C. Indirect Cost G. Variable Cost D. Direct Cost H. Unit Cost the city, your job is to create a personnel budget for the department using de information listed below. Only consider the items that are listed. Read en bullet prior to beginning the assignment (See Appendix 3A). Complete the FTE column. The dept. director has a salary of $109,000 and is a FTE. The secretary has a salary of $48,000 and is a FTE. The marketing director has a salary of $65,500 and is a FTE. Each driver has a salary of $40,000 and is a FTE. Each tourism officer has a salary of $20,000 and works part time (PTE). Although they each work 6 months out of the year, they are paid over a 12-month period. FICA is 12.4% and Medicare is 2.9% for all employees. Only consider employer contributions to FICA and Medicare. Health insurance costs are $3,000.00 per year for each FTE. Each tourism officer has a clothing budget of $500. Each driver has a clothing budget of $750. Training costs associated with each driver is $800. asferiphers (22) perdery 2015 en bastante new fire har FY2019 Bir af nember ne per (SFTE . mehe FTE column . Semiops en ting from wefan close the . . . . full amount