Higher ed budgets were recently cut 15% by the state legislature of Oklahoma. OCCC anticipated these cuts and laid off over 60 positions and have cut back several programs in order to save on expenses. http://newsok.com/article/5498111 Please identify the five variable costs for OCCC and five fixed costs of OCCC. Why are the costs you categorized organized correctly? Please come up with a way for OCCC to raise revenue. Come up with a way for OCCC to lower costs. 1 A variable cost is a cost that varies with services produced or production output, these include: 1 Staff salaries cost 2 Tuition cost 3 Fees 4 Graduation cost 5 Laboratory materials and…
Higher ed budgets
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