[bobbeth]

EXHIBIT 1: SMTI Budgeted Cost Calculations

Budgeted Cost Items Amounts
Administrative Salaries $442,000
Instructor Fees & Expenses $825,000
Office Supplies $60,000
Course Packet Materials $45,000
Office Rent $95,000
Utilities $89,000
Equipment Depreciation $68,000
Hotel & Meal Costs $1,265,000
Marketing Salaries $577,000
Marketing Brochure Materials $83,000
Mailing Lists Purchased $32,000
Postage $72,000
Travel $57,000
Total $3,710,000

Number of courses 289
Total cost per course $12,837
Total number of course days 560
Total cost of a course per day $6,625
Avg. number of attendees per course 27.68
Total cost per attendee per day $239
According to the orignianl plan to allocate cost to the three course categories F, M, Marketing use a single rate allocation.