Chilton Day School allocates marketing and administrative costs to its three schools on the basis of...
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Chilton Day School allocates marketing and administrative costs to its three schools on the basis of each school's annual tuition revenue (as a percentage of the total). Last year the allocations (000s omitted) were as follows: Tuition revenue Marketing and administration Preschool $ 1,680 365 Middle School $ 1,980 415 High School $ 2,380 490 Total $ 6,040 1,270 In the current year, the middle and high schools experienced no change in revenues, but the preschool's tuition revenue increased to $2.08 million. Marketing and administrative costs rose to $1,430,000. 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 nearest whole dollar amounts. Similar to the given information, omit 000s from your answer.) Cost allocation Preschool Middle School High School Total $ 0 Chilton Day School allocates marketing and administrative costs to its three schools on the basis of each school's annual tuition revenue (as a percentage of the total). Last year the allocations (000s omitted) were as follows: Tuition revenue Marketing and administration Preschool $ 1,680 365 Middle School $ 1,980 415 High School $ 2,380 490 Total $ 6,040 1,270 In the current year, the middle and high schools experienced no change in revenues, but the preschool's tuition revenue increased to $2.08 million. Marketing and administrative costs rose to $1,430,000. 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 nearest whole dollar amounts. Similar to the given information, omit 000s from your answer.) Cost allocation Preschool Middle School High School Total $ 0
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