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Exercises 18-30 (Static) Allocation of Marketing and Administrative Costs; Profit Centers [LO 18-3] Chilton Day School allocates marketing and administrative costs to its three schools
Exercises 18-30 (Static) 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: In the current year, the middle and high schools experienced no change in revenues, but the preschool's tuition revenue increased to $1.9 million. Marketing and administrative costs rose to $1,250,000. 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.)
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