Cost vs. Worth: The Dilemma of Higher Education As many approach graduation from high school‚ the same question overwhelms a vast majority of young‚ college-hungry graduates: How will I pay for college? Price is no secret when it comes to higher education‚ but shrouded in mystery is the true debate. For while many may think price is the latest hot topic‚ the true debate isn’t actually over price – it’s over worth. Many diverse people with just as diverse opinions present several views to
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Plant overhead $122‚000 D/L rate/hour $30 Youngstown has a traditional cost system. It calculates a plant-wide overhead rate by dividing total overhead costs by total direct labor hours. Assume‚ for the calculations below‚ that plant overhead is a committed (fixed) cost during the year‚ but that direct labor is a variable cost. 1. Calculate the plant-wide overhead rate. Use this rate to assign overhead costs to products and calculate the profitability of the four products. The assignment
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Structure Setting and Adjustment | Definition | A pay structure is a collection of pay rates or pay ranges.Structure setting and adjustment is the process of developing‚ adjusting‚ and maintaining a pay structure. | Purpose | Pay structures are used to help organizations: * maintain pay levels that are competitive with the external labor market‚ * maintain internal pay relationships among jobs‚ * recognize and reward differences in level of responsibility‚ skill‚ and performance‚ and
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Quality Cost 1 Quality is defined from the customer´s point of view l Performance l Performance or the primary operating characteristics of a product or service. Example: For a car‚ it is speed‚ handling‚ and acceleration. For a restaurant‚ it is good food. l Features l Features or the secondary characteristics of a product or service. Example: For a TV‚ it is an automatic tuner. For a restaurant‚ it is linen table cloths and napkins . l Reliability l Reliability
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The Advantages of Tuition ~help for students who really need help with their studies or where the school teacher falls short. ( Tuition classes that focus on exam preparation for university entrance exams which beneficial and necessary. ) ~Give extra exercises ~More explain ~Problem solving ~Make full use of time ~kids can spend their time something useful ~can ask their friend about homework problem ~kids can ask more question they din understand ~can help them achieve success in examination
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The Cost of Success In college‚ students deal with multiple stress factors and finances should not be included. Numerous of students graduate high school each year and only a select decide to further their education. These students should be able to attend college without worry. College helps students choose a career and prepare for life after their graduation. A student stressing over how they’re going to pay for their textbooks or what they’re going to eat for dinner because a meal plan wasn’t
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College Tuition should be free in some states for three reasons. The amount of student loan debt has increased exponentially‚ if tuition was free this would stop the increase of this debt. Already there are colleges with free tuition in some states‚ granted special requirements have to be made. Also colleges in some European countries are free‚ Germany even offer free college to American students. That is why college tuition should be free in some if not most states. There is one primary reason
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Ronald Coase noted‚“The cost of doing anything consists of the receipts that could have been obtained if that particular decision had not been taken.” For example‚ the opportunity set for this Friday night includes the movies‚ a concert‚ staying home and studying‚ staying home and watching television‚ inviting friends over‚ and so forth. The opportunity cost of taking job A included the forgone salary of $102‚000 plus the $5‚000 of intangibles from job B. Opportunity cost is the sacrifice of
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Bart Van Kerkhove Instructor: Andrew McCullough ENG 100 2 May 2008 Is the cost of post-secondary education in the United States too high? Everybody knows that the cost of higher education in the United States can be substantial. As a result a considerable number of students have to take up a part-time or even full-time job so they can cover not only tuition‚ but also rent and every day expenses. In some cases parents (or the students themselves) have to take (often big) loans to fulfill the financial
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The use and abuse of private tuition What do you think of the use and abuse of private tuition? Private tuition as against what is being done in regular school is resorted to‚ in certain cases where the pupil is not able to follow his lessons well and wants to improve his performance. In some cases the parents want to make their child sit at his studies and in others it is a matter of prestige. Whatever the reasons may be for private tuition‚ it can certainly complement and supplement the
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