Using a university setting as an example, discuss two typical costs (e.g. instructors, online learning systems, administrative staff, athletic programs, library, etc) by classifying each as fixed, variable, or mixed. Then, give your ideas on the most likely driver(s) for each cost -- such as units (students), batches (a course), etc.
Finally, speculate as if you were the dean of a college of business about: (1) what type of costing system would be most appropriate in a university setting, and (2) the types of decisions that costing data would be help you make as a dean.
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