Photography professional development company (PPDC) provides skills training and professional development programs for photographers in Australia. The company offers two training and professional development packages. A two-day package and a five-day package. Both training packages include both indoor theoretical training and outdoor hands-on training. At the end of the year, Garry (the owner of PPDC) reviewed the company's costs with a view to setting prices for the coming year. Over the past 12 months, the company ran 40 two-days training packages, with an average of 50 participants and 60 five-days training packages with an average of 30 participants. Total costs amounted to $1,003,200. Garry decided to base prices for the coming year on the cost per day for last year plus a 25% mark-up to earn profits. Before setting the prices for the training packages, Garry bumped into his friend Tom who was a qualified management accountant. Tom suggested that activity-based costing would provide a more accurate estimate of the cost of the two types of training packages. With Tom's help, Garry identified the following activities and costs for the last year. Activity Cost ($) Advertising 52,000 Enrolling participants 19,000 Hiring training facilitators 420,000 Hiring training premises 160,000 Hiring photography