High and Low Points Method. A transferee student from Manila is interested in analyzing the tuition fee and miscellaneous fee for the BSA program of National Teachers College (NTC) as related to number of units. The following data have been accumulated:
Number of Units
|
Tuition & Misc. Fees
|
6
|
4,550
|
12
|
6,830
|
15
|
7970
|
18
|
?
|
21
|
10250
|
27
|
12530
|
Required:
1. Determine the amount of the fixed miscellaneous fee and the variable tuition fee per unit, using the high and low points method.
2. Assuming that she decided to enroll 18 units. How much will she pay on the date of enrollment if the total amount will be paid in four equal installments?
SOLUTION
1. Tuition & Misc. Number of
Fees units
High........................................................................................ P 12,530 27
Low......................................................................................... 4,550 6
Difference............................................................................... P 7,980 21
Variable rate (Tuition fee).......... 7,980 / 21 = P380 per unit
Fixed cost (Misc. Fee)....... = P12,530 ‑ (P380 x 27) = P2,270
2.
Variable Cost (Tuition Fee) 380 x 18 = 6,840
Fixed Cost (Misc. Fee) 2,270
Total Amount 9,110
x ¼
Amount to be paid during enrollment P2,277.50
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