Question $8$

KNUST wants to run a new programme. Estimated fees to be paid by a student is GHC$7,500.$ Fixed cost for the programme is expected to GHsub$135,000$ per annum while variable cost per student is estimate at GHC$3,000.$

Tuesdoy, $14$ May $2024$

You are required to calculate and advise KNUST on:

a$)$ the number of students to enroll to break even

b$)$ the enrolment fees value at break$-$even point

c$)$ the margin of safety, if the expected enrolment is $90$ students

d$)$ How many students need to enroll on the programme to make a profit of $GH45,000$ p$.$a$.?$

Tuesday, $14$ May $2024$