Exercises 18-41 (Algo) Allocation of Central Costs; Profit Centers [LO 18-3] Woodland Hotels Incorporated operates four resorts in the heavily wooded areas of northern California. The resorts are named after the predominant trees at the resort: Pine Valley, Oak Glen, Mimosa, and Birch Glen. Woodland allocates its central office costs to each of the four resorts according to the annual revenue the resort generates. For the current year, the central office costs (000s omitted) were as follows: Required: 1. Based on annual revenue, what amount of the central office costs are allocated to each resort? 2. Suppose that the current methods were replaced with a system of four separate cosypools with costs collected in the four pools allocated on the basis of revenues, assets invested in each resort, square footage, and humber of rooms, respectively. Which costs should be collected in each of the four pools? 3. Using the cost pool system in requirement 2 . how much of the central office costs would be allocated to each resort? Complete this question by entering your answers in the tabs below. 1. Based on annual revenue, what amount of the central office costs are alocated to each resort? 2. Suppose that the current methods were replaced with a system of four separate cost pools with costs coliected in the four pools allocated on the basis of revenues, assets invested in each resort, square footage, and number of rooms, respectively. Which costs should be collected in each of the four pools? 3. Using the cost pool system in requirement?, how much of the central office costs would be allocated to each resort? Complete this question by entering your answers in the tabs below. Based on annual revenue, what amount of the central ofice costs are allocated to each resort? (Do not round intermedtate calculationt. Enter your answers in thousands rounded to the nearest dollar.) Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Suppose that the current methods were replaced with a system of four separate cost pools with costs collected in the four pools allocated on the basis of revenues, assets invested in each resort, square footage, and number of rooms, respectively Which costs should be collected in each of the foor pools? (Enter your answers in thousands of dollars.) Complete this question by entering your answers in the tabs below. Using the cost pool system in requirement 2, how much of the central office costs would be allocated to each rosort? (Oa not round intermectiate. calculations. Enter your answers in thousands rounded to the nearest doltar