QuickHelper

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About QuickHelper

Levels Tought:
Elementary,High School,College,University,PHD

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Teaching Since: May 2017
Last Sign in: 356 Weeks Ago, 5 Days Ago
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Education

  • MBA, PHD
    Phoniex
    Jul-2007 - Jun-2012

Experience

  • Corportae Manager
    ChevronTexaco Corporation
    Feb-2009 - Nov-2016

Category > Accounting Posted 10 Jun 2017 My Price 13.00

Need business and finance help for using the high low method, with student credit hours as the activity driver

Question description

 

 

Professional University teaches a large range of undergraduate courses. It is interested in determining the cost equation for the facilities cost as a function of student credit hours so that it an more accurately budget its facilities costs as enrollment grows. Information for the high and low cost semesters and volumes for last 5 years appears below

Semester Student Credit Hours Facilities Cost
Spring 2007 250,000 $500,000
Fall 2004 300,000 $530,000

Using the high low method, with student credit hours as the activity driver, what is the equation for facilities cost (FC) as a function of student credit hours?

Question 10 options:

FC = $350,000 + $0.60 / student credit hour

FC = -$585,100 + $1.67 / student credit hour

FC = $1.77 / student credit hour

FC = $2 / student credit hour

 

Answers

QuickHelper
(10)
Status NEW Posted 10 Jun 2017 08:06 AM My Price 13.00

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