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Chilton Day School allocates marketing and administrative costs to its three schools based on total annual tuition revenue for the schools. Last year the allocations

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Chilton Day School allocates marketing and administrative costs to its three schools based on total annual tuition revenue for the schools. Last year the allocations (000s omitted) were as follows: Middle Preschool School $1,550 $1,850 300 350 High School $2,250 425 Tuition revenue Marketing and administration Total $5,650 1.075 In the current year, the middle and high schools experienced no change in revenues, but the preschool's tuition revenue increased to $1.95 million. Marketing and administrative costs rose to $1,300,000. Required: 1. Using revenue as an allocation base, how should the costs be allocated for the current year? (Do not round intermediate calculations. Enter your dollar answers in thousands rounded to 2 decimal places.) Preschool Middle School High School Total Cost allocation 0.00 Prev 1 of 8 Next >

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