CLICK HERE TO REVIEW LEARNING OBJECTIVES QUESTION 1 Incorrect0.00 points out of
ID: 2594954 • Letter: C
Question
CLICK HERE TO REVIEW LEARNING OBJECTIVES QUESTION 1 Incorrect0.00 points out of 2.50 P Flag question Stage 1 ABC at a College: Assigning Costs to Activities An economics professor at Prince Town University devotes 50 percent of her time to teaching, 35 percent of her time to research and writing, and 15 percent of her time to service activities such as committee work and student advising. The professor teaches two semesters per year. During each semester, she teaches one section of an introductory economics course (with a maximum enrollment of 50 students) and one section of a graduate economics course (with a maximum enrollment of 30 students). Including course preparation, classroom instruction, and appointments with students, each course requires an equal amount of time. The economics professor is paid $135,000 per year. Determine the activity cost of instruction per student in both the introductory and the graduate economics courses. Round answers to two decimal places Cost of Instruction Per Student Introductory Course 843.75x 843.75 Graduate Course 843.75 Check You have correctly selected 0 Incorrect Marks for this submission: 0.00/2.50Explanation / Answer
Determination of Activity Cost of Instruction per student Particulars Introductory Graduate A Payment to Economic Professor (135000/2) 67500 67500 B Number of Students 50 30 C Cost of instruction per student (A/B) 1350 2250