The Internal Audit (IA) Branch provides internal control and fraud prevention training to department managers...
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The Internal Audit (IA) Branch provides internal control and fraud prevention training to department managers across the organisation. Costs associated with each one-day training programs comprise a flat $2100 booking fee for the corporate training room (which has a capacity of 100 participants) and the presenter's fee of $3500 per training session held. Additional costs include $45 per person for catering and $20 per person for course materials. The course is popular and has a waiting list. Required: (Round your answers to whole dollars). 1. What is the cost of running a training session? $ 2. What price will the IA Branch charge each attendee if the prices are set at cost-recovery only? $ 3. What would be the contribution margin per attendee? $ 4 If the IA Branch could secure a larger training room with twice the practical capacity, and the booking fee for this larger room was $2500, how much would they be able to reduce the registration fee charged to attendees and still break even (assuming they remain with the cost recovery strategy)? $
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