2. An educational institution has total direct labor and material costs of $1964 per student. Its fixed costs are $352,800. Total revenues for the year were $1,800,000. It had 800 students in the past year. How many students should they accept in the next year to break even assuming the variable cost margins are equal to this year, and assuming fixed costs are to increase by $19,000 due to increased rent for expansion? (round to the nearest whole number). 2. An educational institution has total direct labor and material costs of $1964 perstudent. Its fixed costs are $352,800. Total revenues for the year were $1,800,000.It had 800 students in the past year. How many students should they accept in thenext year to break even assuming the variable cost margins are equal to this year,and assuming fixed costs are to increase by $19,000 due to increased rent forexpansion? (round to the nearest whole number).

Break even point = Fixed cost / Contribution margin per unit Contribution margin = Revenue -…

Answered: 2. An educational institution has total…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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2. An educational institution has total direct labor and material costs of $1964 per student. Its fixed costs are $352,800. Total revenues for the year were $1,800,000. It had 800 students in the past year. How many students should they accept in the next year to break even assuming the variable cost margins are equal to this year, and assuming fixed costs are to increase by $19,000 due to increased rent for expansion? (round to the nearest whole number).

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