Exercise 12-31 Cost Allocation in a College (LO 12-4) Lackawanna Community College has three divisions: Liberal Arts, Sciences, and Business Administration. The college's comptroller is trying to decide how to allocate the costs of the Admissions Department, the Registrar's Department, and the Computer Services Department. The comptroller has compiled the following data for the year just ended. Department Admissions Annual Cost $137,000 Registrar 235,000 Computer Services 496,000 Planned Courses Division Budgeted Enrollment Budgeted Credit Hours Requiring Computer Work Liberal Arts 3,000 50,050 31 Sciences 1,800 43,000 Business Administration 1,700 37,000 44 44 Required: 1. Distribute the departmental costs to the college's three divisions based on the allocation base given. 2. Choose the better allocation base for distributing the cost to the following departments: Complete this question by entering your answers in the tabs below. Required 1 Required 2 Distribute the departmental costs to the college's three divisions based on the allocation base given. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar.) Division Department and Allocation Base Liberal Arts Sciences Business Administration Total Cost Allocated Admissions (enrollment) $ 0 Registrar (credit hours) $ 0 Computer Services (courses requiring computer) 0