The men's a capella group and women's a capella group at the local university use the same rehearsal space. They get a better deal on the space by renting rehearsal time in consecutive 2-hour blocks, for a total cost of $207 for 4 hours. The women's group has a longer tenure at the university and previously paid $116 for its 2-hour session. Using the incremental method and considering the women's group as the first-ranked user, how much of the total cost would be allocated to each group? User Women's group Men's group Total $ tA Cost
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- Current Attempt in Progress The men's a capella group and women's a capella group at the local university use the same rehearsal space. They get a better deal on the space by renting rehearsal time in consecutive 2-hour blocks, for a total cost of $195 for 4 hours. The women's group has a longer tenure at the university and previously paid $115 for its 2-hour session. Using the incremental method and considering the women's group as the first-ranked user, how much of the total cost would be allocated to each group? User Women's group $ Men's group Total +A CostProfessional University teaches a large range of undergraduate courses. It is interested in determining the cost equation for the facilities cost as a function of student credit hours so that it an 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 Cresit Hours Facilities Cost Spring 2007 250,000 $500,000 Fall 2004 300,000 $530,000 Using the high low method, with student credit hours as the activity driver, wht is the equation for facilities cost (FC) as a function of student credit hours?A University produces two courses for its Management students this year. MATA32 and MATA33. Each student taking MATA32 requires 6 hours of teaching, 2 hours of adminis- tration, with a revenue of $1300. Each student taking MATA33 requires 7 hours of teaching, 1 hour of administration with a revenue of $1700. Due to the University's resources, there is a maximum of 2010 teaching hours and 150 administration hours. The University must also admit at least 30 MATA32 and at least 30 MATA33 students due to government regulation. What is the maximum revenue? (A) 90000 (B) 129000 (C) 188000 (D) 192500 (E) None of the above
- Zachary Entertainment sponsors rock concerts. The company is considering a contract to hire a band at a cost of $55,000 per concert. Required a. What are the total band cost and the cost per person if concert attendance is 11,000, 11,500, 12,000, 12,500, or 13,000? b. Is the cost of hiring the band a fixed or a variable cost? Complete this question by entering your answers in the tabs below. Required A Is the cost of hiring the band a fixed or a variable cost? Since the cost of hiring a band remains at Required B regardless of the number attending, it is a Required > < Required AThe manager of an e-learning company identified a new course that they could create and sell for $100 per student. The costs for adding this new course to their product offering would be: $2,100 per month to lease additional space, $290 per month for insurance, $4,900 per month for support staff, $3,600 per month for sales staff, and variable costs of $4 per student. They can sell to a maximum of 750 students per month. a. For the company to break even per month, how many students would have to purchase the course? 0 Round up to the next whole number b. If they made a profit of $34,650 last month, how many students purchased the course?Thornton Entertainment sponsors rock concerts. The company is considering a contract to hire a band at a cost of $75,000 per concert. Required a. What are the total band cost and the cost per person if concert attendance is 8,000, 8,500, 9,000, 9,500, or 10,000? b. Is the cost of hiring the band a fixed or a variable cost? Complete this question by entering your answers in the tabs below. Required A Required B What are the total band cost and the cost per person if concert attendance is 8,000, 8,50 Note: Round "Cost per person" answers to 2 decimal places. Number attending Total cost of concert Cost per person 8,000 8,500 9,000 Required A 9,500 10,000 Required B >
- Many college and university students obtain summer jobs. A professor wanted to determine whether students in different degree programs earn different amounts. She randomly selected five students in each of the 5 university programs and asked them to report what they earned the previous summer (in thousands of dollars). The following partially filled-in ANOVA table was obtained. Fill-in the rest of the table. (Use exact values for df and round all other numbers to 2 decimal places, if needed.) Source df MS F-Stat Treatments 11.3 Error 24.3 Total CheckWaiting time, service industry. The registration advisors at a small Midwestern university (SMU) help 4,200 studentsdevelop their class schedules and register for classes each semester. Each advisor works for 10 hours a day during theregistration period. SMU currently has 10 advisors. While advising an individual student can take anywhere from 2 to 30minutes, it takes an average of 12 minutes per student. During the registration period, the 10 advisors see an average of300 students a day on a rst-come, rstserved basis. 1. Using the formula on page 747, calculate how long the average student will have to wait in the advisor’s office beforebeing advised. 2. The head of the registration advisors would like to increase the number of students seen each day because at 300students a day it would take 14 working days to see all of the students. This is a problem because the registration periodlasts for only 2 weeks (10 working days). If the advisors could advise 420 students a day, it would…Consider the break-even number of students for a noncredit course in pottery. The course tuition is $500. The variable costs per student are pottery supplies of $300 and enrollment costs of $20. The fixed costs for the course are instructor's salary of $3,000 and rental cost of the classroom of $1,500. The break-even point is students. A) 15 B) 25 C) 35 D) 45 E) none of the above
- The owner of Genuine Subs, Inc., hopes to expand the present operation by adding one new outlet.She has studied three locations. Each would have the same labor and materials costs (food, servingcontainers, napkins, etc.) of $1.76 per sandwich. Sandwiches sell for $2.65 each in all locations.Rent and equipment costs would be $5,000 per month for location A, $5,500 per month for location B, and $5,800 per month for location C.a. Determine the volume necessary at each location to realize a monthly profit of $10,000.b. If expected sales at A, B, and C are 21,000 per month, 22,000 per month, and 23,000 permonth, respectively, which location would yield the greatest profits?Imagine you are taking 3 classes (Economics, English and Wellness) this semester and want to calculate your total cost per course. Assume only two costs: Tuition and Internet. Tuition, a direct cost, is $1,000 per course. Internet is a shared (overhead) cost and is $450 per semester. Assume you spend 60% of your time online for Economics, 30% for English and 10% for Wellness. Provide the following information: 1. Cost for Economics when overhead is allocated by the number of courses you are taking 2. Cost for Economics when overhead is allocated by time spent online 3. Cost for Wellness when overhead is allocated by the number of courses you are taking 4. Cost for Wellness when overhead is allocated by time spent onlineA privately-owned summer camp for youngsters has the following data for a 12-week session: Charge per camper: $480 per week Fixed costs: $192,000 per session Variable cost per camper: $320 per week Сарасity: 200 campers a) Develop the mathematical relationships for total cost and total revenue. b) What is the total number of campers that will allow the camp to just breakeven? c) What if the profit or loss for the 12-week session if the camp operates at 80% сараcity? d) What are the marginal and average costs per camper at 80% capacity? e) Would it be ethical to charge campers different rates depending on their family's socioeconomic status? Identify and describe two points pro and two points cons for such a policy. f) Draw cash flow diagram for this problem.