Student tuition at Boehring University is $150 per semester credit hour. The state supplements schoolrevenue by $100 per semester credit hour. Average class size for a typical 3-credit course is 50 students.Labor costs are $4,000 per class, materials costs are $20 per student per class, and overhead costs are$25,000 per class.a. What is the multifactor productivity ratio for this course process?b. If instructors work an average of 14 hours per week for 16 weeks for each 3-credit class of 50 stu-dents, what is the labor productivity ratio?
Student tuition at Boehring University is $150 per semester credit hour. The state supplements schoolrevenue by $100 per semester credit hour. Average class size for a typical 3-credit course is 50 students.Labor costs are $4,000 per class, materials costs are $20 per student per class, and overhead costs are$25,000 per class.a. What is the multifactor productivity ratio for this course process?b. If instructors work an average of 14 hours per week for 16 weeks for each 3-credit class of 50 stu-dents, what is the labor productivity ratio?
Chapter19: Pricing Concepts
Section: Chapter Questions
Problem 6DRQ
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Student tuition at Boehring University is $150 per semester credit hour. The state supplements school
revenue by $100 per semester credit hour. Average class size for a typical 3-credit course is 50 students.
Labor costs are $4,000 per class, materials costs are $20 per student per class, and overhead costs are
$25,000 per class.
a. What is the multifactor productivity ratio for this course process?
b. If instructors work an average of 14 hours per week for 16 weeks for each 3-credit class of 50 stu-
dents, what is the labor productivity ratio?
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