View the step-by-step solution to:

Professional University teaches a large range of undergraduate courses.

Professional University teaches a large range of undergraduate courses. It is interested in determining the cost question for the facilities cost as a function of student credit hours so that it can 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__________250000______________$500000

Fall 2004_____________300000______________$530000


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


FC= $350000 + $0.60 / student credit hour


FC= $585100 + $1.67 / student credit hour


FC= $1.77 / student credit hour


FC= $2 / student credit hour

Top Answer

Option A :- FC =... View the full answer

Sign up to view the full answer

Other Answers

Correct option is FC=... View the full answer

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

-

Educational Resources
  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question
Ask a homework question - tutors are online