# Need business and finance help for using the high low method, with student credit hours as the activity driver

Nov 25th, 2015
DreamIt
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Price: \$5 USD

Question description

Professional 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 Credit 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, what is the equation for facilities cost (FC) as a function of student credit hours?

Question 10 options:

 FC = \$350,000 + \$0.60 / student credit hour FC = -\$585,100 + \$1.67 / student credit hour FC = \$1.77 / student credit hour FC = \$2 / student credit hour

(Top Tutor) Daniel C.
(997)
School: Cornell University

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