Determining Unit Costs Per Student and Break-Even Point of Boromarajonani College of Nursing Nopparat Vajira

Abstract

        The unit cost and break-even point are important for educational management. Therefore, this descriptive study aims to compare the unit cost per student, the break-even point, and the unit cost per full-time equivalent students (FTES) over 2 years. Bachelor of nursing science students and Practical nursing students at Boromarajonani College of Nursing Nopparat Vajira were identified in this study. The data was collected and calculated from annual government statements of expenditure and revenue for fiscal years 2018 and 2019. The College’s perspectives were analyzed and a step-down method for cost allocation was applied. Labor, material, and capital costs were retrieved from secondary sources. Data were analyzed using Microsoft excel which determine the amounts and percentages.

          The results show that the full-time equivalent (FTES) cost for training a Bachelor of nursing science student in 2018 was lower than in 2019.The cost for each year were122,075.36 Baht/FTES and 134,020.51 Baht/FTES, respectively. Furthermore,the unit cost and break-event in 2018 were 112,064.49 Baht/person and 219 persons per year, respectively. Whereas in 2019 were 124,299.89 Baht/person and 242 per person, respectively. On the other hand, the full-time equivalent (FTES) cost for training on Practical nursing students in 2018 also had a lower cost than in 2019, which were 80,209.49 Baht/FTES and 120,680.01 Baht/FTES, respectively. In addition, the unit cost and break-event point in 2018 was 80,209.49 Baht/person and 156 persons per year. Whereas, the unit cost and break-event point in 2019 was 114,328.49 Baht/person and 150 per person.

          The unit cost study benefits institutional leader by helping them  achieve efficient management of education resources including the break-event point set up the minimum number of students per year.