For each of the following activities, select the most appropriate cost driver Each cost driver may be used only once Activity Cost Driver 1 Pay vendors Answera Number of different kinds of raw materialsb Number of classes offeredc Number of tablesd Number of employeese Number of operating hoursf Number of units of raw materials receivedg Number of movesh Number of vendorsi Number of checks issuedj Number of customer orders 2 Evaluate vendors Answera Number of different kinds of raw materialsb Number of classes offeredc Number of tablesd Number of employeese Number of operating hoursf Number of units of raw materials receivedg Number of movesh Number of vendorsi Number of checks issuedj Number of customer orders 3 Inspect raw materials Answera Number of different kinds of raw materialsb Number of classes offeredc Number of tablesd Number of employeese Number of operating hoursf Number of units of raw materials receivedg Number of movesh Number of vendorsi Number of checks issuedj Number of customer orders 4 Plan for purchases of raw materials Answera Number of different kinds of raw materialsb Number of classes offeredc Number of tablesd Number of employeese Number of operating hoursf Number of units of raw materials receivedg Number of movesh Number of vendorsi Number of checks issuedj Number of customer orders 5 Packaging Answera Number of different kinds of raw materialsb Number of classes offeredc Number of tablesd Number of employeese Number of operating hoursf Number of units of raw materials receivedg Number of movesh Number of vendorsi Number of checks issuedj Number of customer orders 6 Supervision Answera Number of different kinds of raw materialsb Number of classes offeredc Number of tablesd Number of employeese Number of operating hoursf Number of units of raw materials receivedg Number of movesh Number of vendorsi Number of checks issuedj Number of customer orders 7 Employee training Answera Number of different kinds of raw materialsb Number of classes offeredc Number of tablesd Number of employeese Number of operating hoursf Number of units of raw materials receivedg Number of movesh Number of vendorsi Number of checks issuedj Number of customer orders 8 Clean tables Answera Number of different kinds of raw materialsb Number of classes offeredc Number of tablesd Number of employeese Number of operating hoursf Number of units of raw materials receivedg Number of movesh Number of vendorsi Number of checks issuedj Number of customer orders 9 Machine maintenance Answera Number of different kinds of raw materialsb Number of classes offeredc Number of tablesd Number of employeese Number of operating hoursf Number of units of raw materials receivedg Number of movesh Number of vendorsi Number of checks issuedj Number of customer orders 10 Move in process product from one work station to the next Answer Stage 1 ABC at a College Assigning Costs to Activities Assume an accounting professor at the University of Texas devotes 60 of her time to teaching, 30 of her time to research and writing, and 10 of her time to service activities such as committee work and curriculum development The professor teaches two semesters per year During each semester, she teaches one section of an introductory financial accounting course (with a maximum enrollment of 60 students) and one section of a graduate financial accounting course (with a maximum enrollment of 30 students) Including course preparation, classroom instruction, and appointments with students, each course requires an equal amount of time The accounting professor is paid $150,000 per year Determine the activity cost of instruction per student in both the introductory and the graduate financial accounting courses Round answers to two decimal places Cost of Instruction Per Student Introductory Course Answer Graduate Course Answer

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For each of the following activities, select the most appropriate cost driver. Each cost driver may be used only once . Activity Cost Driver 1.

For each of the following activities, select the most appropriate cost driver.

Each cost driver may be used only once.

Activity	Cost Driver
1. Pay vendors	Answera. Number of different kinds of raw materialsb. Number of classes offeredc. Number of tablesd. Number of employeese. Number of operating hoursf. Number of units of raw materials receivedg. Number of movesh. Number of vendorsi. Number of checks issuedj. Number of customer orders
2. Evaluate vendors	Answera. Number of different kinds of raw materialsb. Number of classes offeredc. Number of tablesd. Number of employeese. Number of operating hoursf. Number of units of raw materials receivedg. Number of movesh. Number of vendorsi. Number of checks issuedj. Number of customer orders
3. Inspect raw materials	Answera. Number of different kinds of raw materialsb. Number of classes offeredc. Number of tablesd. Number of employeese. Number of operating hoursf. Number of units of raw materials receivedg. Number of movesh. Number of vendorsi. Number of checks issuedj. Number of customer orders
4. Plan for purchases of raw materials	Answera. Number of different kinds of raw materialsb. Number of classes offeredc. Number of tablesd. Number of employeese. Number of operating hoursf. Number of units of raw materials receivedg. Number of movesh. Number of vendorsi. Number of checks issuedj. Number of customer orders
5. Packaging	Answera. Number of different kinds of raw materialsb. Number of classes offeredc. Number of tablesd. Number of employeese. Number of operating hoursf. Number of units of raw materials receivedg. Number of movesh. Number of vendorsi. Number of checks issuedj. Number of customer orders
6. Supervision	Answera. Number of different kinds of raw materialsb. Number of classes offeredc. Number of tablesd. Number of employeese. Number of operating hoursf. Number of units of raw materials receivedg. Number of movesh. Number of vendorsi. Number of checks issuedj. Number of customer orders
7. Employee training	Answera. Number of different kinds of raw materialsb. Number of classes offeredc. Number of tablesd. Number of employeese. Number of operating hoursf. Number of units of raw materials receivedg. Number of movesh. Number of vendorsi. Number of checks issuedj. Number of customer orders
8. Clean tables	Answera. Number of different kinds of raw materialsb. Number of classes offeredc. Number of tablesd. Number of employeese. Number of operating hoursf. Number of units of raw materials receivedg. Number of movesh. Number of vendorsi. Number of checks issuedj. Number of customer orders
9. Machine maintenance	Answera. Number of different kinds of raw materialsb. Number of classes offeredc. Number of tablesd. Number of employeese. Number of operating hoursf. Number of units of raw materials receivedg. Number of movesh. Number of vendorsi. Number of checks issuedj. Number of customer orders
10. Move in-process product from one work station to the next	Answer

Stage 1 ABC at a College: Assigning Costs to Activities

Assume an accounting professor at the University of Texas devotes 60% of her time to teaching, 30% of her time to research and writing, and 10% of her time to service activities such as committee work and curriculum development. The professor teaches two semesters per year. During each semester, she teaches one section of an introductory financial accounting course (with a maximum enrollment of 60 students) and one section of a graduate financial accounting course (with a maximum enrollment of 30 students). Including course preparation, classroom instruction, and appointments with students, each course requires an equal amount of time. The accounting professor is paid $150,000 per year.

Determine the activity cost of instruction per student in both the introductory and the graduate financial accounting courses.

Round answers to two decimal places.