Wakefield, Inc., offers a CPA review course in cities throughout the eastern United States. Wakefield hires local CPAs to do the teaching. Each instructor is paid $115 an hour to teach the course; a course consists of 12 weeks of instruction with sessions taking place four evenings a week for two hours a session. Wakefield also pays for hotel conference rooms to host the course, which cost $800 per evening. Tuition for the course includes all course materials, which cost the company $210 for each student.

1. What is the product cost of providing one evening of instruction for all students?

2. What is the product cost of training a student over the entire course (there are 75 students in this particular course)?

3. Assuming that Wakefield charges each student $1,500 for the course, how many students would be required to break even on this course?