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FACTS: i. Camp Harlan: a. 50 children will attend for 8 weeks b. 400 camper-weeks is an appropriate BASE to use for determining the weekly fees ii. Harlan Seminar: a. All costs discussed in the case related to the seminar can be classified as either fixed or variable and direct or indirect. b. Direct (out-of-pocket) costs of the seminar should be considered. c. Indirect (not out-of-pocket) costs for staff support provided by the Harlan Foundation (i.e. salary for Coolidge, salary for other staff support at seminar, overhead charges) should also be considered. d. Breakeven Equation: • Total Fixed Cost/(Unit Selling Price - Unit Variable Cost) = Breakeven Point (Participants) • (Total Fixed Cost + Total Variable Cost)/# of participants = Breakeven Fee ($) QUESTIONS: 1. Using the financial information from Exhibit 2: a. What is the weekly fee that should be charged to campers using the budget information provided in Exhibit 2? b. Would you include any of the following costs in this fee: i. Meals and lodging for volunteers? ii. Bookkeeping services provided by administration? iii. Depreciation expense of the donated land? iv. Overhead charges or fees? c. How would the inclusion of these costs impact the weekly fee that is charged to campers? 2. Using the information provided about the seminar in the case: a. What is the breakeven fee that should be charged if 30 people attend the seminar? b. What is the breakeven number of participants that must attend the seminar if a $100 fee is charged to each attendee? c. What is the breakeven number of participants that must attend the seminar if a $200 fee is charged to each attendee?
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