36. (Effectiveness and efficiency measures) The president at Midland State University has formed a new department to

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36. (Effectiveness and efficiency measures) The president at Midland State University has formed a new department to recruit top out-of-state students. The department’s funding for 2001 is $400,000 and the department was given a goal of recruiting 300 new nonresident students. By year-end 2001, the department had been credited with recruiting 325 new students. The department actually consumed $460,000 in its recruiting efforts.

a. How effective was the newly formed department? Show calculations.

b. How efficient was the department? Show calculations.

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Cost Accounting Traditions And Innovations

ISBN: 9780324180909

5th Edition

Authors: Jesse T. Barfield, Cecily A. Raiborn, Michael R. Kinney

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