HSM260 Fee Setting

HSM260 Fee Setting - Running head: FEE SETTING 1 Fee...

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Running head: FEE SETTING 1 Fee Setting Kristina M Spencer HSM260 May 8, 2011 Erin Akins
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FEE SETTING 2 Fee Setting 11.1 Proposed Seminar Budget 1. Conference room rental $175.00 $ 175.00 2. Audiovisual equipment Rental 75.00 3. 4 presenters @ $500 2,000.00 4. 45 workbooks @ $15 675.00 5. 45 lunches @ $12 540.00 6. 45 coffees @ $3.50 158.00 Subtotal $3,623.00 7. Indirect costs @ 25% of $3,675.00 $ 906.00 Subtotal $4,529.00 8. Profit margin @ 5% of $4,594.00 $ 227.00 Total $4,756.00 Total = Conference room Rental + Audiovisual Equipment Rental + Presenter $175 + $75 + $2,000=$2250 Total = Cost of workbooks + Cost of Lunches + Cost of Coffees $675 + $540 + $157.5=$1372.5 or Overhead cost 3622.5/100x25=905.63 = Total Fixed Cost + Total Variable Cost + Overhead cost $1,375.5 + $3,622.5 + $905.63=5903.63 Profit margin = 5% of total cost 4528.13/100x5= $226.41 Total Minimum revenue to be generated = Total Cost + Profit Margin $4,528.13 + $226.41=4754.54 Suggested Fee = Total Minimum revenue to be generated /45
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HSM260 Fee Setting - Running head: FEE SETTING 1 Fee...

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