PART B (10 marks) Your organisation is hoisting a seminar on Covid-19, which will require a renowned consultant from Hong Kong to do a three days' training. As one of the organising team, you have been assigned the task of 'Cost estimates and Budget'. The following details are made available to you: The consultant will be paid an all-inclusive fee of Rs 30,000 per day and he will be assisted by an administrator, whose time is costed at Rs1,500 per day. The course requires the provision of printed materials and stationery of Rs300 per delegates. To estimate the other cost elements, you are provided with the cost sheet for the two previous seminars. Number of delegates Rent Catering Indirect labour General overheads 135 185 Rs Rs 55,000 55,000 66,000 88,500 13,500 18,500 27,500 35,750 The general overheads would be the ongoing costs of providing the other facilities to hoist such event. The overheads include a fixed element and a charge out rate, to absorb overhead based on the traditional product costing. The participation fee per delegate will be Rs 3,000 Required: (a) Calculate the cost estimates if the expected number of delegates is 200, classifying the costs into both traceability and behaviour. (7 marks) (b) Calculate the number of delegates that should attend the seminar for your organisation to break even and state whether the event is likely to make a profit