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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

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:

Preschool Middle School High School Total
Tuition revenue $ 1,620 $ 1,920 $ 2,320 $ 5,860
Marketing and administration 335 385 460 1,180

In the current year, the middle and high schools experienced no change in revenues, but the preschools tuition revenue increased to $2.02 million. Marketing and administrative costs rose to $1,370,000.

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.)

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