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Please provide with workings and explanations. CoursHeroTranscribedText: Teddy Bear Day-care provides day-care for children from...

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Accounting

Please provide with workings and explanations.

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CoursHeroTranscribedText: Teddy Bear Day-care provides day-care for children from Mondays to Fridays. Its monthly variable costs per child are: Lunch and snacks $150 Educational supplies 60 Other supplies (paper products, toiletries, etc.) 20 Total $230 Monthly fixed costs consist of. Rent $2150 Utilities 200 Insurance 250 Salaries 2350 Miscellaneous 650 Total $5600 Teddy Bear charges each parent $580 per child. Required 1 Calculate the break even point. 2 Teddy Bear's target profit is $10500 per month. Calculate the number of children who must be enrolled to achieve the target profit. 3 Teddy Bear lost its lease and had to move to another building. Monthly rent for the new building is $3150. At the suggestion of parents, Teddy Bear plans to take children on field trips. Monthly costs of the field trips are $1300. By how much should Teddy Bear increase fees per child to meet the target profit of $10500 per month, assuming the same number of children as in requirement 2

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