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Give typed solution with explanation Don't upload any type of photos An after school arts organization offers year-long programs in painting, printmaking, and sculpture. The

Give typed solution with explanation

Don't upload any type of photos

An after school arts organization offers year-long programs in painting, printmaking, and sculpture. The organization expects to enroll a total of 40 students in each of the three programs for 120 students in total during the year. The three programs share a central administrative staff. The finance director needs to estimate the cost of the sculpture program to set tuition prices for the coming year. Personnel costs for the administrative staff total $160,000 per year. Office supplies for the administrative staff are $240 per month. Annual depreciation on the administrative staff's office equipment is $10,000 per year. Total rent for the administrative staff's office space is $6,000 per month and utilities cost an additional $800 per month. The finance director estimates that the administrative staff-hours for the painting, printmaking, and sculpture programs are 2750, 750, and 1,500 staff-hours per year, respectively. Costs for the administrative staff are allocated to each program using staff-hours as the cost base. The cost of instructors specifically for the sculpture program total $40,000 per year. Each sculpture student uses $150 in art supplies.

Note: two decimal places.

1. Annual direct costs of the sculpture program are:

2. Total annual indirect costs are:

3. Indirect costs allocated to the painting program are:

4. Total annual cost of the sculpture program is:

5. Annual depreciation expense + annual utilities expense =

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