Question

Student tuition at Boehring University is ​$150 per semester credit hour. The state supplements school revenue by ​$80 per semester credit hour. Average class size for a typical 3​-credit course is 45 students. Labor costs are ​$4,500 per​ class, materials costs are ​$21 per student per​ class, and overhead costs are ​$27,000 per class.What is the multifactor productivity ratio for this course process?

Answer 1

Answer:

Explanation:

Revenue is $150 per semester credit hour

Materials cost = $21*45=$945

Labor cost = $4500

Overhead cost = $27,000

Total cost=$945+$4500+$27,000=$32,445

Multifactor probability = Revenue/Total cost = (150+80)*45/32,445=10,350/32,445 = 0.32