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# 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

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

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

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