You are completing an internship within Melbuorke Museum. The Museum runs a small student support program...

Transcribed Image Text:

You are completing an internship within Melbuorke Museum. The Museum runs a small student support program that educates students in how to make the most of its facilities. The program costs students $24 (in total) for 3, 2-hour classes. The costs of the program include: . Student support pack: $6.00 . Student name tag: $1.50 . . An administration charge covering IT, Insurance, Power and Supplies. This charge is set at $400 per teaching hour. Room rental: $600.00 per class. Group Facilitator Wage - Stephen Hill: $75.00 per class. It is the Museum's policy to ignore GST for all financial analysis. Required Determine how many students must complete the program in order for it to break even. Stephen Hill has advised you that last year 300 students attended the sessions. What is the project's margin of safety? Explain the importance of this idea. Discuss the critical limitation of the above analysis You are completing an internship within Melbuorke Museum. The Museum runs a small student support program that educates students in how to make the most of its facilities. The program costs students $24 (in total) for 3, 2-hour classes. The costs of the program include: . Student support pack: $6.00 . Student name tag: $1.50 . . An administration charge covering IT, Insurance, Power and Supplies. This charge is set at $400 per teaching hour. Room rental: $600.00 per class. Group Facilitator Wage - Stephen Hill: $75.00 per class. It is the Museum's policy to ignore GST for all financial analysis. Required Determine how many students must complete the program in order for it to break even. Stephen Hill has advised you that last year 300 students attended the sessions. What is the project's margin of safety? Explain the importance of this idea. Discuss the critical limitation of the above analysis

Answer rating: 100% (QA)

To determine how many students must complete the program in order for it to break even we need to calculate the total fixed costs and the contribution margin per student Fixed Costs Fixed costs includ... View the full answer