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 Annual Cost Admissions $119,000 Registrar 199,000 Computer Services 424 , 000 Planned Courses Budgeted Budgeted Requiring Division Enrollment credit Hours computer Work Liberal Arts 1,200 32,000 12 Sciences 900 29,550 25 Business Administration 800 23,500 26 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 nal answers to the nearest whole dollar.) Admissions (enrollment) Registrar (credit hours) Computer Services (courses requiring computer) Required 2 > 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 Annual Cost Admissions $119,000 Registrar 199,000 Computer Services 4 24 , 000 Planned Courses Budgeted Budgeted Requiring Division Enrollment credit Hours Computer Work Liberal Arts 1,200 32,000 12 Sciences 900 29,550 26 Business Administration 800 23,500 26 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 Choose the better allocation base for distributing the cost to the following departments: Registrar Computer Services