Question

In: Accounting

For a university, identify a cost that you think is controllable in the short term and...

For a university, identify a cost that you think is controllable in the short term and explain why. Identify a cost that you think is controllable in the intermediate term and explain why. Identify a cost that you think is controllable in the long term and explain why. What does this cost structure imply about the university’s flexibility in responding to changing student demands and enrollments?

Solutions

Expert Solution

Answer is as under :
Cost Controllable in the short term : For the university , expenses such as salary or professional fess , conveyance allowances and other employee welfare expenses paid to interns are controllable because payment is made to them as per the number of hours worked and number lectures taken by them
Cost Controllable in the intermediate term : Expenses such as semester examination, culture activities , training and development activity of lectures, salary and professional fee paid to lecturers for a semester are controllable on intermediate basis because all this cost are related to a particular semester
Cost Controllable in the long term basis : Payment made to permanent staff and long term expenses are only controllable in the long term because they are appointed on long term basis and hence cannot be reduced easily
This cost structure imply that the cost structure of university is fixed and not enough flexible as per the changing needs of the students

Related Solutions

What do you think will be the short-term and long-term impacts of Human Genome Projects? What...
What do you think will be the short-term and long-term impacts of Human Genome Projects? What do you think will be the most significant benefits of the applications of genomics? What are the risk?
Calculate the return for investing for ANZ company both short term and long term and identify...
Calculate the return for investing for ANZ company both short term and long term and identify the main causes of its volatility in return over the corresponding holding period. The discussion of volatility should consider economic-wide and firm-specific factors.
identify the key issues of Falling Oil Prices in their Long-term and Short-term Impact on the...
identify the key issues of Falling Oil Prices in their Long-term and Short-term Impact on the Ordinary Investor
identify and explain the history of tobacco; the long-term and short-term effects of nicotine; adverse health...
identify and explain the history of tobacco; the long-term and short-term effects of nicotine; adverse health effects of tobacco use; and identify treatment strategies for people who want to stop smoking.
the use of cost information in short- a term long- term, and strategic decisions making, planning...
the use of cost information in short- a term long- term, and strategic decisions making, planning and control in contemporary organizations
"Short-Term Finance and Planning." Imagine that you have a choice between a business firm with short-term...
"Short-Term Finance and Planning." Imagine that you have a choice between a business firm with short-term operating cycle and a firm with long-term operating cycle. Determine two (2) advantages and two (2) disadvantages of each. Select the operating cycle (short-term or long-term) that you prefer and justify your answer with an explanation.
My GOALS List your short term ang long term physical activity goals . Identify rewards for...
My GOALS List your short term ang long term physical activity goals . Identify rewards for attaining your short term and long term goal. Made plans to monitor your progress. Identify at least one opportunity to climb stairs during the day. made a list of possitive messages to encourage yourself.
Which of the following is a controllable cost for a plant supervisor? a.salaries of production supervisors...
Which of the following is a controllable cost for a plant supervisor? a.salaries of production supervisors b.None of these choices are correct. c.the use of direct materials d.the cost of insurance related to property, plant, and equipment
Discuss a short and long-term plan for a perennially losing team and identify specific steps that...
Discuss a short and long-term plan for a perennially losing team and identify specific steps that could be taken to increase income or generate victories.
Short Term Goals Paper 2 page minimum Essay discussing 3 short term goals you have.
Short Term Goals Paper 2 page minimum Essay discussing 3 short term goals you have.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT