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4. DETERMINE THE COST PER PERSON TO COVER THE ELITE SWIM TEAM PROGRAM COSTS Table 2: Elite Swim Team Program Budget (Demand: minimum of
4. DETERMINE THE COST PER PERSON TO COVER THE ELITE SWIM TEAM PROGRAM COSTS Table 2: Elite Swim Team Program Budget (Demand: minimum of 20 participants; maximum of 30 participants) Cost Months or Subtotal Total hours or person Fixed Costs Head instructor $17 100 hours $1,700 Assistant instructor $14 100 hours Pool time $??? Answer 100 hours $1,400 $??? to 3.3 Total fixed costs ??? 4.1 ??? Variable Costs Supplies $20.00 1 per person Team swim cap Contingency cost $6.25 $1 2 per person 1 per person $20.00 $??? $1.00 Total variable costs ??? 4.2 ??? Total costs ??? 4.3 ??? Cost per person ??? 4.4 ??? Demand = The team meets for 2 hours, 2 times per week, 25 weeks in the year = 100 hours 4.1. What are the Total Fixed costs of the program? 4.2. What are the Total Variable costs of the program? What are the Total Costs of the program? Determine the price to charge each participant in order for the program to cover (break even) program costs. P=(F+V)/N
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