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CoursHeroTranscribedText: Question 1 Capital University, has approximately 10,000 students studying in four departments. The only source of revenue is tuition and government grants. The University receives a grant of $14,000 a year for each student. Tuition is based on the University breaking even. Faculty: Arts Science Engineering Business Number of class per year 120 200 150 150 Number of Students in Faculty 4,800 2,000 600 2,700 Each student is enrolled in 10 classes per year, and only takes courses in their own faculty. Costs: Item Amount Note Total Salaries 15,500,000 Each faculty teaches 6 classes. The faculty of Arts pays each prof $24,000/year more than other faculty. (This is clearly a mythical university) Building 13,020,000 Each classroom costs the same, regardless of size Student Support 195,000,000 Each student generally requires an equal amount of and Administration support Other 17,000,000 Science labs $10 million, Business trading room $2 million, Engineering labs $5 million Total 240,520,000 REQUIRED A. How much tuition should be charged per student assuming the same amount of tuition is charged per student. B. Using Activity Based Costing, calculate how much tuition should be charged per student in each faculty. C. Compare the results between A and B and briefly comment

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