Stage 1 ABC at a College: Assigning Costs to Activities An accounting professor at Middleton University...

Stage 1 ABC at a College: Assigning Costs to Activities
An accounting professor at Middleton University devotes 60 percent of her time to teaching, 30 percent of her time to research and writing, and 10 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 financial accounting course (with a maximum enrollment of 40 students) and one section of a graduate financial accounting course (with a maximum enrollment of 25 students). Including course preparation, classroom instruction, and appointments with students, each course requires an equal amount of time. The accounting professor is paid $84,000 per year.

Determine the activity cost of instruction per student in both the introductory and the graduate financial accounting courses.

Round answers to two decimal places.

	Cost of Instruction Per Student
Introductory Course	$Answer
Graduate Course	$Answer

Solutions

Expert Solution

The activity cost of instruction per student in both the introductory and the graduate financial accounting courses are :

The calculations for the above are :

ekkarill92 answered 1 year ago

Next > < Previous

Related Solutions

E 5-2B. Stage One ABC at a College: Assigning Costs to Activities An economics professor at...

E 5-2B. Stage One ABC at a College: Assigning Costs to Activities An economics professor at Prince Town University devotes 60% of her time to teaching, 35% of her time to research and writing, and 5% 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 section of a graduate...

An accounting professor at Middleton University devotes 60 percent of her time to teaching, 30 percent...

An accounting professor at Middleton University devotes 60 percent of her time to teaching, 30 percent of her time to research and writing, and 10 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 financial accounting course (with a maximum enrollment of 40 students) and one section of a graduate financial accounting course (with a maximum enrollment of...

1. Explain the role of activity drivers in assigning costs to products. 2. Why are the accounting...

1. Explain the role of activity drivers in assigning costs to products. 2. Why are the accounting requirements for job order costing more demanding than those of process costing? 3. Folio Glass produces custom glass platters. For one job, the trainee assigned to cut the glass set the template incorrectly into the computer. This template was unusable and had to be discarded; another template was cut to the correct dimensions. How is the cost of the spoiled template handled?

A college professor at LeTall University, Professor Lai, makes mountains out of molehills. He can do...

A college professor at LeTall University, Professor Lai, makes mountains out of molehills. He can do this with almost no effort; so molehills are the only input used for producing mountains. Suppose it takes 100 molehills to make 1 mountain. The current market price of molehills is $20 each. A few years ago, Lai bought an option contract that allows him to buy up to 2, 000 molehills at $10 each. His option contract stipulates that he can buy fewer...

Assigning manufacturing overhead cost to activity pools is referred to as first-stage allocation because costs are...

Assigning manufacturing overhead cost to activity pools is referred to as first-stage allocation because costs are assigned first to the activity pools before being assigned to a. cost objects. b. activity objects. c. activity drivers. d. cost drivers. Omer Limited produces and sells electronic sound equipment. The company has production capacity of 20,000 units and currently production schedule is for 18,000 units. Each unit has a selling price of $25, variable product cost of $15, and variable selling cost of...

ACCOUNTING COLLEGE LEVEL 1 question Melissa Young had always been encouraged by her accounting professor to...

ACCOUNTING COLLEGE LEVEL 1 question Melissa Young had always been encouraged by her accounting professor to apply her accounting skills as much as possible. When her uncle asked her to prepare his accounting records for a company he owns, called Bob's Repairs Ltd., she readily agreed. The company has two employees who repair and service all computers used by four large companies in the area. Following are dated August 31, 2018 1.When the corporation was formed on September 1, 2017,...

5. In the past, 35% of the students at ABC University were in the Business College,...

5. In the past, 35% of the students at ABC University were in the Business College, 35% of the students were in the Liberal Arts College, and 30% of the students were in the Education College. To see whether or not the proportions have changed, a sample of 300 students from the university was taken. Ninety of the sample students are in the Business College, 120 are in the Liberal Arts College, and 90 are in the Education College. Calculate...

1. Types of Contracts. Professor Dixon was an adjunct professor at Tulsa Community College (TCC) in...

1. Types of Contracts. Professor Dixon was an adjunct professor at Tulsa Community College (TCC) in Tulsa, Oklahoma. Each semester, near the beginning of the term, the parties executed a written contract that always included the following provision: “It is agreed that this agreement may be cancelled by the Administration or the instructor at anytime before the first class session.” In the spring semester of Dixon’s seventh year, he filed a complaint with TCC alleging that one of his students,...

(b) Arrange the following activities in order of your preference assigning 1 to the most preferred...

(b) Arrange the following activities in order of your preference assigning 1 to the most preferred and 4 to the least preferred activity. Also explain the scale that you have used here. Activity 1: Watching movies on television Activity 2: Driving fast cars Activity 3: Hanging out with friends Activity 4: Studying.

I need a good sample of supervisor’s-evaluation letter for accounting intern to university professor which will...

I need a good sample of supervisor’s-evaluation letter for accounting intern to university professor which will include 1) the intern's strengths and weaknesses 2) the overall-performance of intern like very satisfied, not satisfied and etc. Thank you

Subjects