Question

Question 1 Incorrect Mark 0.00 out of 1.00 F Flag question Edit 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 So 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 $78,000 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 Courses 19,500 x Graduate Course 650 X $

Answer 1

calculation of allocation of cost to each work
total earning of professor is $78000

time spent in teaching is 50%
time spent in research and writing is 35%
time spent in other services is 15%

Allocation of cost according to time spent
teaching $78000 *50% = $39000
research and writing $78000* 35% = $27300
other services $78000* 15% = $11700

IN TEACHING, Economics professor teaches two semester in a year
cost of per semester = $39000 /2 = $19500
she teaches introductory Economics with maximum students of 60 and Graduate economics with the maximum students of 30 in one semester.
she gives same time for both the subjects that is Introductory Economics and Graduate Economics

cost allocated to Introductory Economics students = $19500 /2 = $9750
total number of students in Introductory economics = 60
cost per student in introductory economics = $9750/60 = $162.5 per student

cost allocated to Graduate Economics students = $9750
total number of students in Graduate economics = 30
cost par student in Graduate economics = $9750/30 = 325 per student .