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Analyze Adventure Park's staffing budget Adventure Park is a large theme park. Staffing for the theme park involves many different labor classifications, one of which
Analyze Adventure Park's 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 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:
Parking fees are $ per vehicle. Each parking lot employee is paid $ per day.
a Determine the annual parking lot staff budget for school days, nonschool days, and total.
b Determine the annual parking revenue for school days, nonschool days, and total.
c If depreciation expense and other expenses for running the parking lot were estimated to be $ million per year, determine the parking lot's budgeted profit.
Budgeted parking lot profit $
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