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 $120,000 Registrar 201,000 Computer Services 428,000 Division Liberal Arts Sciences Budgeted Enrollment 1,300 Budgeted Credit Hours Planned Courses Requiring Computer Work 33,050 12 Business Administration 950 850 30,250 24,250 27 27 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) S 1.800 $ 1,800 Registrar (credit hours) $ 0 Computer Services (courses requiring computer) $ 0 < Required 1 Required 2 >