A graduate student interviewing for a fulltime teaching position has just returned from visiting three organizations in a single trip costing $864. Each school has offered to reimburse the students its “fair share.” If the schools had been visited individually, travel costs and time would have been as follows:

REQUIRED
A. Allocate the costs using the stand-alone method.
B. Allocate the costs using the incremental cost method.
C. Which method is most “fair?”Explain.

Transcribed Image Text:

400 200 Private University800 $1,400 State University City College 3 days 1 day 2 days 6 days Total