Sunny Days Daycare provides childcare services. The daycare anticipates 12,000 childcare days annually. They have invested $1,200,000 in their facilities and expect an ROI of 15%. The budgeted costs for the coming year are shown below:

Cost Item	Per Day ($)	Total ($)
Direct Materials (Supplies)	5	60,000
Direct Labor (Caregivers)	20	240,000
Variable Overhead	3	36,000
Fixed Overhead	-	180,000
Variable Selling & Admin Expenses	2	24,000
Fixed Selling & Admin Expenses	-	120,000

Required:

1. Calculate the total cost per day.
2. Determine the desired ROI per day.
3. Compute the target price per day.