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.