5. DETERMINE PRICE CHARGED PER PERSON FOR THE ELITE SWIM TEAM IF A 15% PROFIT (-15% Subsidy) WAS ALSO ADDED TO PROGRAM COSTS? Hint: You already know the hourly pool costs for a -15% subsidy - this value one's change. But the other costs will be increased by 15%. Table 3: Elite Swim Team Program Budget assuming a 15% profit Cost Months or hours or person Subtotal Total Fixed Costs Head instructor $17 100 hours $??? Assistant instructor $14 100 hours $??? Pool time $??? Answer 100 hours $??? to 3.3 Total fixed costs ??? 5.1 ??? Variable Costs Supplies $20.00 1 per person Team swim cap $6.25 2 per person $20.00 $??? Contingency cost $1 1 per person $1.00 Total variable costs ??? 5.2 ??? Total costs ??? 5.3 ??? Cost per person ??? 5.4 ??? Demand = The team meets for 2 hours, 2 times per week, 25 weeks in the year = 100 hours 5.1. What are the Total Fixed costs of the program? 5.2. What are the Total Variable costs of the program? 5.3. What are the Total Costs of the program? 5.4. Determine the price to charge each participant in order for the program to cover (break even) program costs. P=(F+V)/N