This report presents the results of a detailed unit cost study of Alaska's ten community colleges for fiscal year (FY) 1981. After introductory material, the summary results of the study are presented under eight categories: (1) full-time equivalent (FTE) teacher compensation per fiscal-year equated (FYE) student (i.e., a hypothetical student enrolled for 34 credit hours per fiscal year); (2) FTE students per FTE teacher; (3) compensation per FTE teacher; (4) student/teacher ratio and percentage distribution of teachers; (5) total direct instructional cost per FYE student; (6) full cost per FYE student; (7) costs per FYE student per component (e.g., student services and administration); and (8) percentage distribution of FY 1981 expenditures. Next, the overall summary of the study outlines general findings, including the following: vocational education is not necessarily more expensive than general education in Alaska's community colleges; there is a strong relationship between the number of FYE students enrolled and direct instructional cost per FYE student; and the community colleges in Alaska spend their money in different ways and experience different costs per FYE student. Extensive tables and appended material illustrate findings; provide a breakdown of statistics by college; and present the study methodology, college profiles, and courses offered. (HB)