Question
Student tuition at Boehring University is $180180 per semester credit hour. The state supplements school revenue by $9090 per semester credit hour. Average class size
Student tuition at Boehring University is $180180 per semester credit hour. The state supplements school revenue by $9090 per semester credit hour. Average class size for a typical 33-credit course is 5555 students. Labor costs are $5 comma 0005,000 per class, materials costs are $1818 per student per class, and overhead costs are $26 comma 00026,000 per class. The multifactor productivity ratio currently is 1.391.39 and the labor productivity ratio is $198.88198.88 per hour if the instructors work on an average of 1414 hours per week for 1616 weeks for each 33-credit class of 5555 students. Coach Bjourn Toulouse led the Big Red Herrings to several disappointing football seasons. Only better recruiting will return the Big Red Herrings to winning form. Because of the current state of the program, Boehring University fans are unlikely to support increases in the $192 season ticket price. Improved recruitment will increase overhead costs to $35 comma 00035,000 per class section from the current $26 comma 00026,000 per class section. The university's budget plan is to cover recruitment costs by increasing the average class size to 7070 students. Labor costs will increase to $6 comma 0006,000 per 33-credit course. Material costs will be about $3030 per student for each 33-credit course. Tuition will be $250250 per semester credit, which is supplemented by state support of $9090 per semester credit.
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