Use cost structure concepts (ie fixed costs, variable costs, semi variable costs mixed costs, and step costs step fixed costs) to answer the following questions Suppose the community college wants to develop a new program on data analytics The estimated costs include the following Facility rental, management, and other base costs run $50,000 per semester Instructors teach up to 12 students at a cost of $3,000 per class Supplies and other costs for each student are $100 

What type of cost is each.

What are the total, and unit costs when the program has 2, 12, 13, 48, and 49 students? 

You can use the following Excel template to calculate the costs What is the trend of the unit cost as the number of students they serve increases. 

What would be a good strategy to lower the unit cost of this program?

Answer rating: 100% (QA)

Number of students Fixed cost Semi variable costs variable costs Total cost Unit cost 2 50000 3000 2... View the full answer