Question 3 Red Ridi Monthly fixed costs consist of: Rent Utilities Insurance Salaries ing Hood Daycare Centre provides daycare to children Mondays through Fridays $40 000 6 000 6000 60 000 Miscellaneous8 000 Total 120 000 Red Riding Hood monthly variable costs per child are: Lunch & snacks Educational supplies $2 000 500 Other supplies (toiletries etc.) 500 4 000 Total Red Riding Hood charges each parent $12,000 per child each month