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Exercises 18-30 (Algo) Allocation of Marketing and Administrative Costs; Profit Centers [LO 18-3] Chilton Day School allocates marketing and administrative costs to its three
Exercises 18-30 (Algo) Allocation of Marketing and Administrative Costs; Profit Centers [LO 18-3] Chilton Day School allocates marketing and administrative costs to its three schools on the basis of each school's annual tuition revenue (as a percentage of the total) Last year the allocations (000s omitted) were as follows: Middle Tuition revenue Marketing and administration Preschool $1,600 325 School High School $1,900 $ 2,300 375 450 Total $5,800 1,150 In the current year, the middle and high schools experienced no change in revenues, but the preschool's tuition revenue increased to $2 million Marketing and administrative costs rose to $1,350,000. Required: 1. Using revenue as an allocation base, how much current year cost will be allocated to the: (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amounts. Similar to the given information, omit 000s from your answer.) Cost allocation Preschool Middle School High School Total
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