Question 3 Red Riding Hood Daycare Centre provides daycare to children Mondays through Fridays Monthly fixed costs consist of: Rent Utilities Insurance Salaries Miscellaneous 8000 Total $40 000 6000 6 000 60 000 120 000 Red Riding Hood monthly variable costs per child are: Lunch & snacks Educational supplies $2 000 1 500 Other supplies (toiletries etc.) 500 4 000 Total Red Riding Hood charges each parent $12,000 per child each month