Case 1: Process costing: University enrolments 15 marks The National University is exploring the possibility of outsourcing part of all of its enrolment function. This function involves three separate processes Validation, where the new student's secondary school results are sighted and the University's offer of enrolment is validated Student's records, where the student's study program details for the current year are entered into the student record system Fees collection, where students pay their union fees and upfront HECS fees, if they choose to do SO The annual costs of these three processes are Validation Student records Fees collection Cost Staff salaries IT and other equi t depreciation pment insurance Telephone Data Postage Consumables Electricit sin The University processes 16000 student enrollment per year Required: (3 marks) (a) Calculate the cost per student enrolment for each process. (b) Calculate the total cost per student enrolment (c) Does the total cost per student enrolment provide a reliable estimate of the costs incurred (3 marks) to process each enrolment? Explain your answer (3 marks) (d) Other than outsourcing, explain how else the university's management use this cost information? (3 marks) (e) Would you recommend estimating service costs for all major student services in the University? Explain your answer (3 marks) Case 1: Process costing: University enrolments 15 marks The National University is exploring the possibility of outsourcing part of all of its enrolment function. This function involves three separate processes Validation, where the new student's secondary school results are sighted and the University's offer of enrolment is validated Student's records, where the student's study program details for the current year are entered into the student record system Fees collection, where students pay their union fees and upfront HECS fees, if they choose to do SO The annual costs of these three processes are Validation Student records Fees collection Cost Staff salaries IT and other equi t depreciation pment insurance Telephone Data Postage Consumables Electricit sin The University processes 16000 student enrollment per year Required: (3 marks) (a) Calculate the cost per student enrolment for each process. (b) Calculate the total cost per student enrolment (c) Does the total cost per student enrolment provide a reliable estimate of the costs incurred (3 marks) to process each enrolment? Explain your answer (3 marks) (d) Other than outsourcing, explain how else the university's management use this cost information? (3 marks) (e) Would you recommend estimating service costs for all major student services in the University? Explain your
