******* PLEASE ANSWER QUESTIONS 1-4 *******

DETERMINE PRICE CHARGED PER PERSON FOR THE ELITE SWIM TEAM IF A 15% PROFIT (-15% Subsidy) WAS ALSO ADDED TO PROGRAM COSTS?

Hint: You already know the hourly pool costs for a -15% subsidy this value ones change. But the other costs will be increased by 15%.

Table 3: Elite Swim Team Program Budget assuming a 15% profit

	Cost	Months or hours or person	Subtotal	Total
Fixed Costs
Head instructor	$17	100 hours	$???1955
Assistant instructor	$14	100 hours	$???1610
Pool time	$172.23	100 hours	$17,223
Total fixed costs				??? 5.1 ???
Variable Costs
Supplies	$20.00	1 per person	$20.00
Team swim cap	$6.25	2 per person	$???12.50
Contingency cost	$1	1 per person	$1.00
Total variable costs				??? 5.2 ???
Total costs				??? 5.3 ???
Cost per person				??? 5.4 ???

Demand = The team meets for 2 hours, 2 times per week, 25 weeks in the year = 100 hours

1. What are the Total Fixed costs of the program?

2. What are the Total Variable costs of the program?

3. What are the Total Costs of the program?

4. Determine the price to charge each participant in order for the program to cover (break even) program costs.

P = (F + V)/N