Fixed expenses: | ||||
$ | ||||
Promotional advertising | 1500 | |||
Instructor's fee | 500 | |||
Room rental and setup fee | 400 | |||
Nonrefundable deposit | 200 | |||
Total | 2600 | |||
Variable expenses: | ||||
$ | ||||
Instructional materials | 10 | |||
Continental breakfast | 10 | |||
Lunch | 25 | |||
Refreshment breaks | 10 | |||
Total | 55 | |||
Cost-estimating equation: | ||||
Total cost=$ 2600+55*Number of participants | ||||
Total cost for 60 participants=2600+(55*60)=2600+3300=$ 5900 | ||||
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