Analyze Adventure Parks staffing budget

Adventure Park is a large theme park. Staffing for the theme park involves many different labor classifications, one of which is the parking lot staff. The parking lot staff collects parking fees, provides directions, and operates trams. The staff size is a function of the number of daily vehicles. Adventure Park has determined from historical experience that a staff member is needed for every 200 vehicles.

Adventure Park estimates staff for both school days and nonschool days. Nonschool days are higher attendance days than school days. The number of expected vehicles for each day is as follows:

		School Days		Nonschool Days
Number of vehicles per day		3,000		8,000
Number of days per year		165		200

Parking fees are $10 per vehicle. Each parking lot employee is paid $110 per day.

a. Determine the annual parking lot staff budget for school days, nonschool days, and total.

		School Days		Nonschool Days		Total
Total parking lot staff expense		$fill in the blank 1		$fill in the blank 2		$fill in the blank 3

b. Determine the annual parking revenue for school days, nonschool days, and total.

		School Days		Nonschool Days		Total
Total parking annual revenues		$fill in the blank 4		$fill in the blank 5		$fill in the blank 6

c. If depreciation expense and other expenses for running the parking lot were estimated to be $2 million per year, determine the parking lots budgeted profit.

Budgeted parking lot profit = $fill in the blank 7