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 yearjust ended. Department An nual Cost Admissions $135, 668 Registra r 231, 033 Computer Services 433, 6656 Planned Courses Budgeted Budgeted Requiring Dis-is ion Enrollment Credit Hours Comuter Hark Liberal Arts 2,868 48,866 39 Sciences 1,?68 41, 533 4-3 Business Administration 1,668 35,563 4-2 Req u ired: 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 queson by entering your answers in the labs below. Required 1 Required 2 Choose the better allocation base for distributing the cost to the following departments: