Business, 11.09.2019 04:30 ava789

Midstate university is trying to decide whether to allow 100 more students into the university. tuition is $5000 per year. the controller has determined the following schedule of costs to educate students: number of students total costs 4000 $30,000,000 4100 30,300,000 4200 30,600,000 4300 30,900,000the current enrollment is 4200 students. the president of the university has calculated the cost per student in the following manner: $30,600,000/4200 students = $7286 per student. the president was wondering why the university should accept more students if the tuition is only $5000.a. what is wrong with the president's calculation? b. what are the fixed and variable costs of operating the university?

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 21:00

The following cost data relate to the manufacturing activities of chang company during the just completed year: manufacturing overhead costs incurred: indirect materials $ 15,800 indirect labor 138,000 property taxes, factory 8,800 utilities, factory 78,000 depreciation, factory 150,600 insurance, factory 10,800 total actual manufacturing overhead costs incurred $ 402,000 other costs incurred: purchases of raw materials (both direct and indirect) $ 408,000 direct labor cost $ 68,000 inventories: raw materials, beginning $ 20,800 raw materials, ending $ 30,800 work in process, beginning $ 40,800 work in process, ending $ 70,800 the company uses a predetermined overhead rate of $20 per machine-hour to apply overhead cost to jobs. a total of 20,500 machine-hours were used during the year. required: 1. compute the amount of underapplied or overapplied overhead cost for the year. 2. prepare a schedule of cost of goods manufactured for the year.

Answers: 3

Answer

Business, 22.06.2019 06:00

For 2018, rahal's auto parts estimates bad debt expense at 1% of credit sales. the company reported accounts receivable and an allowance for uncollectible accounts of $86,500 and $2,100, respectively, at december 31, 2017. during 2018, rahal's credit sales and collections were $404,000 and $408,000, respectively, and $2,340 in accounts receivable were written off.rahal's accounts receivable at december 31, 2018, are:

Answers: 2

Answer

Business, 22.06.2019 17:00

Dan wants to start a supermarket in his hometown, and wants to get into the business only after finding out about the market and how successful his business might be. the best way for dan to gain knowledge is to:

Answers: 2

Answer

Business, 23.06.2019 11:00

Stacy is preparing a product presentation with customer, marketing, and technical content. she will first present it to an engineering audience mainly interested in technical product details. what should she do? select the best option. hide the marketing content slides for the engineering audience. save a new version and delete unwanted slides for this audience. cut and paste all the unwanted slides to the end. create a custom slide show for multiple audiences.

Answers: 3

Answer

You know the right answer?

Midstate university is trying to decide whether to allow 100 more students into the university. tuit...

Questions