Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Suppose that Bramble Daycare provides two different services: full-time childcare for preschoolers, and after-school care for older children. The director would like to estimate an
Suppose that Bramble Daycare provides two different services: full-time childcare for preschoolers, and after-school care for older children. The director would like to estimate an annual cost per child in each of the daycare programs, ignoring any facility-sustaining costs. She is considering expanding the services and wants to know whether full-time or after school care is more profitable. The following activities and annual costs apply to the daycare centre. Salaries and wages are $170,000. Full-time children arrive between 8:00 and 9:00 a.m. Older children arrive about 3:00 p.m. All the children are gone by 6:00 p.m. Employees estimate that they spend about 20% of their time on meal-related activities, 20% supervising naps or recreation, 12% in greeting children or sending them home, and the rest of the time presenting educational experiences to the children. Meals and snacks cost about $22,000. Preschoolers receive 4 snacks and 1 meal per day, and the older children receive 1 snack per day. On average, snacks and meals do not differ in cost. Supplies cost $9,000 for the full-time childcare program and $7,000 for the after-school program. Currently, 30 children participate in full-time care and 10 children in after-school care. Because Bramble Daycare maintains a waiting list for openings in its programs, the number of children in each program remains steady. (b) Assuming 200 days of daycare for a year, estimate the annual cost per child in each program. (Round answers to 0 decimal places, e.g. 5,275.) Full-Time After-School Total Annual Cost Per Child
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started