3 The library at Pacific Business School (PBS) serves both undergraduate and graduate programs. The dean of PBS is interested in evaluating the profitability of the degree programs and has asked the head of the library. Rex Gilmore. to allocate the annual library cost of $1,966,000 to the two programs. Rex believes that two cost drivers explain most of the costs: number of students and credit hours. Using information from a previous analysis, he split the annual library budget as follows: 3.75 points Skipped Costs driven by number of students Library management Acquisitions $ 529, eee 562,000 $ 1,271,00 eBook $ Costs driven by number of credit hours Computer support Building maintenance Library staff Utilities and supplies References 64,888 241,880 391,000 199,000 895,000 1,966,980 Total library costs $ $ Data on students and credit hours Number of students Number of credit hours Undergraduate 780 6,800 Graduate 1,220 24.ee Required: a. Allocate the cost of the library to the two programs (undergraduate and graduate). Undergraduate Graduate Total Number of students 0 0 0 Percentage (%) Credit hours Percentage (%) Allocation of student-related costs Allocation of credit hour costs Total allocations Olo S 0 S 0 S 0 s 0