On Wednesday, third of April, the School of Applied Technical Sciences (SATS) at the German Jordanian University (GJU), held a presentation about” Departmental Credit Hour Cost ” in the presence of the President of the German Jordanian University (GJU), Prof. Manar Fayyad. Eng. Aseel Ammari from SATS delivered the presentation.
The presentation aims at proposing a new approach for calculating the departmental credit hour cost, supported by the excel sheet calculations for the proposed approach.
Eng. Ammari, started by identifying principles of costing such as Cost Pools, Activity Based Costing (ABC) method, Joint Costs. Then, by applying the proposed method on SATS, she compared the traditional method vs the proposed method for calculating the departmental credit hour cost.
Eng. Ammari also, showed by using sensitivity analysis how changing current factors might reduce the overall cost, such as instructor to student ratio and class utilization.
In the end, the president praised her efforts, and with an Interactive discussion, many questions were answered.