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Thanks for your help Stage 1 ABC at a College: Assigning Costs to Activities An economics...

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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 $147,000 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 Instructiorn Per Student Introductory Course Graduate Course Check
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 $147,000 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 Instructiorn Per Student Introductory Course Graduate Course Check

Answers

A Total Salary of Economic Professor B Time devoted for teaching C Cost allocated for teaching (A*B) D No of semesters E Cost allocated to each semester(C D) F G 147000 50% 73500 2 36750 Cost allocated to Introductory course(36750/2) 18375 Cost allocated to Graduate course(36750/2) 18375 50 30 For teaching each course, equal amount of time has been taken No of students in Introductory course J No of students in Graduate course Cost of NTRODUCTORY COURSE (18375/50) GRADUATE COURSE(18375/30) 367.5 612.5

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