In 1975, the British Columbia Research Council released a report entitled "The Impact of Community Colleges - A Study of the College Concept in British Columbia." One Chapter of the report is intended to provide a broad perspective of educational cost and finance, to relate these costs to government expenditure and economic output, and to make broad comparisons of costs between the major sectors of education and between institutions in the postsecondary area. One table purports to compare institutional costs and total cost for a full-time equivalent student for the B.C. colleges and universities. A detailed examination of the table in question indicates that: (1) a significant amount of the data reported was erroneous; (2) several of the underlying assumptions were fallacious; and (3) the data were not comparable. The results of recalculation of the analysis and the original table are presented for examination. It is recommended that a study of the type undertaken by the B.C. Research Council meet two fundamental requirements: (1) a pre-established methodology including standardized data requirements, and (2) a procedure for sending the preliminary calculations to each institution for examination. (Author/MSE)