Question

You are planning to manage the Annual Day at CSU with dance, music and other items....

You are planning to manage the Annual Day at CSU with dance, music and other items. Planning, preparations, and rehearsal will last 12 weeks, involve a number of performers, and support team members. CSU will provide the Level-2 hall for staging the function, therefore that is free of cost. The actors and the support team are all CSU students, who are happy to work without charging any fee. However, to stage a professional performance you are allowed to hire some professionals.

You need to submit a budget to the CSU administration for approval, as per the following details.

§Production Manager: 24 hours @ $50 per hour, spread over 12 weeks

§DJ for practice and on the function day: 12 hours @ $40 per hour, spread over 12 weeks

§Printing for 100 promotion T-shirts @ $40 each, spent in week-12

§Banner from Office Works costing $ 100 to be used at the final function in week-12

§Raised wooden stage @ $500 per day, used for dress rehearsal in week-11 and performance in week-12

§Food for participants, @ $100 per week for 12 weeks.

Calculate the following cost items. List each item and your calculation steps clearly. Do not record cents.

a)Nonrecurring cost

b)Direct Recurring cost.

c)Contingency reserve 10%

d)Management reserve 20%

Grand Total cost

Homework Answers

Answer #1

management reserve is calculated on project cost

while contingency reserve is calculated on cost baseline

thank u

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