Training and development programs can create value for companies. In the short-term, at least, training programs represent a monetary cost. Consider the following example of training costs: . Program development (e.g., salaries and benefits [health insurance] of personnel, equipment): $30,000 . Direct training program implementation (e.g , training materials, technology costs, facilities, travel, instructor's salary and benefits): $10,500 . Indirect (e.g., overhead [cost of utilities], general and administrative [e.g., staff time to schedule training facilities, registering employees for training sessions]):$90,000 . Hourly pay for all employees who are participating in training activities $230,000 . Lost productivity while employees are participating in the training activities: $200,000 Responses 1. The equation for the total cost of training based on the current expenses is 2. The total cost of training based on the current expenses is: $ (Round your answers to the nearest hundredths place or 2 decimal places) Let's assume that 100 employees will participate in this training program (for simplicity, assume that each employee makes the same hourly pay rate.) 3. The equation for the average training cost per employee is: 4. The average training cost per employee is. $ (Round your answers to the nearest hundredths place or 2 decimal places) Employees' hourly rate is $20 and 100 employees receive training. Based on total hourly pay for employees who are participating in training activities: 5. Equation for the total hours spent by each employee in training is 6. The total hours spent by each employee in training is: hours (Round your answers to the nearest hundredths place or 2 decimal places)