Case:

In addition to your regular responsibilities at the company, your manager has appointed you to be responsible for your organization's annual golf tournament. It is expected that between 100 and 150 employees will enter the tournament. In addition to organizing the event, you are also responsible for promoting it. Your budget for this event is $25,000 dollars.

Question:

Suppose the top managers allocate a business cost of $5,000 for a golf tournament. Using the following data, calculate the fully charged labor costs for each person. What is the total cost? Can you continue with the project?

Full staff cost	hourly rate	personal time rate	overhead	Required hours
	12$	1.12	75%	65	Staff1
	8$	1.12	75%	100	Staff2
	5$	1.12	50%	30	Staff 3