A college's School of Liberal Arts has 3 departments. Estimated information for next year is presented in the table below: Science History English Number of Students per Year 1,400 800 11-00 Number of Classes per Semester 70 40 30 Number of Professors 20 24 10 Revenues $30,000,000 $17,000,000 $9,000,000 Direct expenses 25,000,000 14,000,000 7,000,000 Each department creates an Income Statement. Departments are rewarded for being protable the college allows each department to "keep" 20% of the prot it generates to use as it desires. 20% Indirect Costs (for administrative salaries and ofce expesens, costs of the registrar's ofce, etc.) are projected to be: Plan 1: Allocate Equal Amounts of Indirect Costs to Each Department Revenues Direct Exp Indirec Exp Net Inc. 20% Net Science $30,000,000 History $17,000,000 English $9,000,000 {$25,000,000} {$14,000,000} {$r,000,000} Plan 3: Allocate Indirect Costs using # of Classesisemester as Cost Driver Revenues Direct _ lndirec. Net Inc. 20% Net Science H i story English $30,000,000 [$2,500,000]: $2,500,000 $17,000,000 $9,000,000 $500,000 Plan 2: Allocate Indirect Costs Using # of Students as Cost Driver Revenues Direct Exp Indirect Exp Net Inc. 20% Net Science H i story $30,000,000 $17,000,000 English $9, 000, 000 {$25,000,000} {$14,000,000} {$r,000,000} Plan 4: Allocate Indirect Costs Using # of Professors as Cost Driver Revenues Direct Exp Indirect Exp Net Inc. 20% Net Science H i story English $30,000,000 $17,000,000 $9, 000, 000 $5,000,000