A new entrepreneur wants to estimate the costs of an offsite team-building event for her 14 employees.
Question:
A new entrepreneur wants to estimate the costs of an offsite team-building event for her 14 employees. She was able to gather the following information on a 3-day program in which she is interested. Assume there will 100% participation in all activities. Use the unit technique to estimate the total Accommodation costs of this event.
Cost Elements | Cost Rate | Details |
Transportation costs | Van rental of $109 pay day per 14 people. The van gets 16 mpg and the gas is $3.10 per gallon. Insurance costs $24 per person for 3 days. | A van rental for 3 days The site is 60 miles away (one-way). |
Accommodation costs | A double-bed room holds 2 people and has a rate of $119 per night per room. Meals are $45 per day per person. A conference room costs $180 per day for a karaoke night | Double-bed rooms for 3 nights Meals for 3 days A conference room for one karaoke night in this 3-day program |
Activities costs | A paintball game costs $55 per person. A night journey and a day hike, each costs $35 per person. A problem-solving and team-building exercise costs $160 per 14 people. A karaoke night costs $230 per 14 people for equipment and a DJ. | One paintball game, one night journey, one day hike, one problem-solving and team-building exercise, and one karaoke night in this 3-day program |