Tiny Tots is a daycare that operates five days a week. The monthly variable costs per child are: Food $80 Supplies $45 Other $40 Monthly fixed costs are Rent $2,500 Utilities $150 Salaries $3,000 Other $850 Tiny Tots Preschool charges $550/month per child Part 1: Calculate the breakeven revenue and breakeven number of children (3 marks) Part 2: If Tiny Tots wants to make $5,700/month, how many children need to attend the preschool? (3 marks) Part 3: If budgeted revenue for the month is $10,000, using your break-even revenue from above what is the margin for safety in dollars, children & percentage? (4 marks) Part 4: Tiny Tots decides to raise the instructor salary to $4,000/month (from $3,000). In order to partially offset this cost the instructor agrees to take the children offsite once a week. The additional costs on a monthly basis are $10/child. If Tiny Tots is expecting registration of 25 children on month what amount do they need to charge if they still wish to make the desired $5,700/month (5 marks) Part 5: Tiny Tots is looking at offering different pricing tiers depending on the child's age, for children under age 3 the pricing would be $700/month and the pricing for over age 3 would be $450/month. If the expected ratio between under three & over three is expected to be 65/35 (65% under three, 35% over three), using the original cost strategy (excluding numbers in part 4) & if the daycare wants to make the same amount of money ($5,700), how many children both over and under three will be required