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Exercise1231CostAllocationinaCollege(LO124)

LackawannaCommunityCollegehasthreedivisions:LiberalArts,Sciences,andBusiness Administration.

Thecollege'scomptrolleristryingtodecidehowtoallocatethecostsof the AdmissionsDepartment,theRegistrar'sDepartment,andtheComputerServices Department.Thecomptrollerhascompiledthefollowingdatafortheyearjustended.

Department Annual Cost

Admissions $ 131,000

Registrar 223,000

Computer Services 472,000

Division Budgeted Enrollment Budgeted Credited Hours Planned Courses Computer Work

Liberal Arts 2,400 44,050 26

Sciences 1,500 38,500 38

Business Administration 1,400 32,500 38

Required:

1. Distributethedepartmentalcoststothecollege'sthreedivisionsbasedontheallocation basegiven. (Do not round intermediate calculations.Round your final answers to the nearest whole dollar.)

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Department and Allocation Base | Liberal Arts | Sciences | Business Administration | Total Cost Allocated

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Admission (enrollment) ($)

Registrar (credit hours) ($)

Computer Services (courses ($)

requiring computer)

2. Choosethebetterallocationbasefordistributingthecosttothefollowingdepartments:

Registrar:

Computer Services:

The options are:

1) Amount of Computer Time

2) Basis of Credit Hour

3) Courses Requiring Computer

4) Enrollment

NOTE: My answers for #1 Admissions were: $59,317 $37,073 $34,610 (= $131,000 Total Cost Allocated) ---- These answers are WRONG

Please show work.