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.
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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
| 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 |
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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