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Chilton Day School allocates marketing and administrative costs to its three schools on the basis of each schools annual tuition revenue (as a percentage of
Chilton Day School allocates marketing and administrative costs to its three schools on the basis of each schools annual tuition revenue (as a percentage of the total). Last year the allocations (000s omitted) were as follows: Preschool Middle School High School Total Tuition revenue $ 1,530 $ 1,830 $ 2,230 $ 5,590 Marketing and administration 290 340 415 1,045 In the current year, the middle and high schools experienced no change in revenues, but the preschools tuition revenue increased to $1.93 million. Marketing and administrative costs rose to $1,280,000. Required: 1. Using revenue as an allocation base, how much current year cost will be allocated to the: (Do not round intermediate calculations. Round your final answers to the
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