Mementos Academy  Cost Validation Student Records  Fees collection Staff Salaries 70,400 43,900 39,700 Data Processing 9,200 32,500 7,900 Telephone 1,700 4,600 3,000 Postage   1,500 4,000 Consumable 3,700 45,900 11,800 Electricity 1,600 3,100 3,000 Equipment Depreciation 12,200 35,800 31,900 Insurance 1,600 3,300 2,600 Students Enrolments 14,000             Required: a) Apply process costing to calculate the total cost per student enrolment  b) Discuss whether the total cost per student enrolment calculated in a) provid a reliable estimate of the costs incurred to process each enrolment.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Mementos Academy 
Cost Validation Student Records  Fees collection
Staff Salaries 70,400 43,900 39,700
Data Processing 9,200 32,500 7,900
Telephone 1,700 4,600 3,000
Postage   1,500 4,000
Consumable 3,700 45,900 11,800
Electricity 1,600 3,100 3,000
Equipment Depreciation 12,200 35,800 31,900
Insurance 1,600 3,300 2,600
Students Enrolments 14,000    
       
Required:
a) Apply process costing to calculate the total cost per student enrolment 
b) Discuss whether the total cost per student enrolment calculated in a)
provid a reliable estimate of the costs incurred to process each enrolment.
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