Unit Costs Per Student and for Academic Services at Songkhla's Boromarajonani College of Nursing
Keywords:
Unit Cost, Undergraduate Student Production, Academic Service, Boromarajonani College of Nursing SongkhlaAbstract
Analysis of unit costs and calculation of break-even point are important for educational managers. Firstly, this descriptive study aimed to identify the unit costs per student, the unit cost per full-time equivalent students (FTES), and the break-even point for Bachelor of nursing science students as well as for practical nursing students at Songkla's Boromarajonani College of Nursing. Secondly, this study aimed to investigate the unit costs for academic services. The secondary data was collected and calculated from annual government statements of expenditure and revenue for fiscal years 2019. The College’s perspectives were analyzed and the step-down method for cost allocation was applied. The labor, material, and capital costs were collected by using unit cost forms. Data were analyzed and presented by frequency and percentages.
The results showed that the total cost was 76,456,833.96 Baht. The percentages for labor, material, and capital costs were 78.36, 10.56 and 11.08, respectively. The unit cost and FTES for training a Bachelor of nursing science student were 126,070.61 Bath/person and 142,533.69 Bath/FTES, respectively. In addition, the break-event point was 446 person/year. The cost and FTES for training on Practical nursing students were equally at 100,325.43 Bath per person and Bath/FTES. The break-event point was 163 person/year. Moreover, the unit cost of nursery 69,596.79 Bath/person and academic training courses were 3,596.15 Bath/person.
The unit cost per student and per academic services are efficient management of education resources. Additionally, the break-event point is essential to set up the minimum number of students per year.
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