Q2: Job Costing Auckland University was approached by ANZ bank in 2020 to offer three short courses (Principle of Accounting, Management Accounting and Intermediate Accounting for its staff. Information regarding all three courses is presented in the table below: Table 2: Courses data Number of students in each course Lecturer salary per course Printed materials per student Occupancy costs per course Department overhead per course Room cleaning and electricity per course Marking cost per student Principle of Accounting 50 $15,000 $80 $10,000 $500 $2,200 $50 Management Accounting 60 18,000 $160 12,000 $500 $2,400 $60 Intermediate Accounting 70 17,000 $90 14,000 $500 $2,800 $55 The budgeted faculty overhead costs for the year was $800,000, and the total number of courses which were expected to be offered in the faculty were 400 courses. The budgeted university overhead costs for the year was $9,000,000, and the total number of courses which were expected to be offered in the university were 3,000 courses. The faculty overhead costs and the university overhead costs are allocated to courses based on the total number of courses offered in the faculty and the university accordingly. The actual faculty overhead cost for the year was $1,050,000, and the total number of courses offered in the faculty were 420 courses. The actual university overhead cost for the year was $10,880,000, and the actual number of courses offered in the year were 3,200 courses. AN ON Questions 27 1 How much is the total fixed cost for the Principle of Accounting course (using normal costing)? 28 2 How much is the total fixed cost for the Management Accounting course (using normal costing)? 29 3 How much is the total fixed cost for the Intermediate Accounting course (using normal costing)