Question
Gibson Training Services (GTS) provides instruction on the use of computer software for the employees of its corporate clients. It offers courses in the clients
Gibson Training Services (GTS) provides instruction on the use of computer software for the employees of its corporate clients. It offers courses in the clients offices on the clients equipment. The only major expense GTS incurs is instructor salaries; it pays instructors $5,500 per course taught. GTS recently agreed to offer a course of instruction to the employees of Novak Incorporated at a price of $450 per student. Novak estimated that 20 students would attend the course.
Base your answers on the preceding information
GTS sells a workbook with printed material unique to each course to each student who attends the course. Any workbooks that are not sold must be destroyed. Prior to the first class, GTS printed 20 copies of the books based on the clients estimate of the number of people who would attend the course. Each workbook costs $27 and is sold to course participants for $43. This cost includes a royalty fee paid to the author and the cost of duplication.
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Calculate the workbook cost in total and per student, assuming that 18, 20, or 22 students attempt to attend the course.
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Classify the cost of workbooks as fixed or variable relative to the number of students attending the course
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Complete this question by entering your answers in the tabs below. Required K Required 18 20 22 Calculate the workbook cost in total and per student, assuming that 18, 20, or 22 students attempt to attend the course. (Round "Cost per student" answers to 2 decimal places.) Number of Students Attempting to Attend Total cost of workbooks Cost per student Required K Required L > to search Complete this question by entering your answers in the tabs below. Required K Required Classify the cost of workbooks as fixed or variable relative to the number of students attending the course. The cost of workbooks relative to the number of students attending the course is a here to search
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