CHAPTER 11 Costing and pricing in an entity 499Required
a. Describe the steps you will take as you analyse the program, including the types of infor-
mation you would like to use.
b. Explain how you would decide on an appropriate level of tuition costs.11.41 Your friends have decided to organise a number of functions to raise funds for a trek to the
Himalayan Base Camp. The functions planned include: a cinema night; dico at the local hotel;
and a trivia night. As you have some knowledge of accounting they have asked that you help
them work out the financials. They are unsure about what costs should be considered in relation
to the functions and what price they should charge for the tickets.References
AAP 2011, ‘PM launches review of GST distribution’, The Sydney Morning Herald, 30 March.
Janda, M 2015, ‘Taxi fees set to fall after ACCC action against Cabcharge’, ABC News, 29 June, http://www.abc.net.au/
news/2015-06-29/cabcharge-fees-likely-to-fall-after-accc-action/6581500.
‘Palmerston City Council rate changes could cost residents “hundreds of dollars”, protesters say’, ABC News, 23 June 2015,
http://www.abc.net.au/news/2015-06-23/palmerston-city-council-rate-changes-could-cost-hundreds/6568358.
Acknowledgements
Reality check: Palmerston City Council rate changes could cost residents ‘hundreds of dollars’,
protestors say: © Australian Broadcasting Corporation, ‘Palmerston City Council rate changes could
cost residents “hundreds of dollars”, protesters say’, ABC News, 23 June 2015, http://www.abc.net.au/
news/2015-06-23/palmerston-city-council-rate-changes-could-cost-hundreds/6568358.Reality check: Taxi fees set to fall after ACCC action against Cabcharge: © Australian Broadcasting
Corporation, Janda, M 2015, ‘Taxi fees set to fall after ACCC action against Cabcharge’.
Photo: © Goodluz / Shutterstock.com.
Photo: © wavebreakmedia / Shutterstock.com.