CASE 7-26 Comprehensive Activity-Based Costing [LO2, LO3, LO5] Kolbec Community College (KCC) has 4,000 full-time students and offers a variety of academic programs in three areas: professional studies, arts, and technology. The professional studies programs prepare students for administrative and clerical jobs in a variety of professional settings, including accounting, medicine, and law. The arts program's offerings are wide ranging and include graphic design, digital animation, culinary arts, cosmetology, and music arts. The technology programs are also yaried, including information technology, medical laboratory technology, electrical engineering technology, pharmacy technology, and natural resources technology. The chief financial officer of KCC, Lynn Jones, has consistently emphasized to other members of the senior management feam the importance of understanding the costs of delivering the various academic programs. IT that end, the costing system used at KCC tracks the direct costs of each program. Which are shown belo onanannualbasis,alongwiththenumberoffull-timestudents; CASE 7-26 Comprehensive Activity-Based Costing [LO2, LO3, LO5] Kolbec Community College (KCC) has 4,000 full-time students and offers a variety of academic programs in three areas: professional studies, arts, and technology. The professional studies programs prepare students for administrative and clerical jobs in a variety of professional settings, including accounting, medicine, and law. The arts program's offerings are wide ranging and include graphic design, digital animation, culinary arts, cosmetology, and music arts. The technology programs are also yaried, including information technology, medical laboratory technology, electrical engineering technology, pharmacy technology, and natural resources technology. The chief financial officer of KCC, Lynn Jones, has consistently emphasized to other members of the senior management feam the importance of understanding the costs of delivering the various academic programs. IT that end, the costing system used at KCC tracks the direct costs of each program. Which are shown belo onanannualbasis,alongwiththenumberoffull-timestudents