Capital University, a mid-size university located in a capital city has approximately 10,000 students studying in four departments. While the Universitys goal is not to make a profit, it is also important that the University does not operate at a loss. The only source of revenue is tuition and government grants. The government gives the University $14,000 a year for each full-time student.

Faculty:	Arts	Science	Engineering	Business
Number of Courses	120	200	150	150
Number of Students	4,800	2,000	600	2,700

Other Information:

• Each Course is only offered once each year
• Each student is enrolled in 10 classes per year
• Each faculty member is paid $120,000 per year and teaches 6 courses per year
• Total student support costs are $139,992,700 per year. These cost include student services and administration. Each student generally requires an equal amount of support.
• Building costs are $12,400,000 per year. Costs are equal for each class.
• Other costs $17,000,000 (Science labs $10million, Business trading room $2million, Engineering labs $5million).

REQUIRED

1. Using Activity Based Costing, calculate how much tuition should be charged to students in each faculty.