please complete part 2 AND part3, with a correct answer, thanks.
Chapter 18 Assignment i Saved Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Woodland Hotels Inc. 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: 0.31 points Front office personnel (desk, clerks, etc.) Administrative and executive salaries Interest on resort purchase Advertising Housekeeping Depreciation on reservations computer Room maintenance Carpet-cleaning contract Contract to repaint rooms $12,400 5,800 4,800 600 3,800 80 1,240 50 580 $29,350 Revenue (2005) Square feet Rooms Assets (2005) Pine Valley $ 9,350 64,805 86 $107,880 Oak Glen Mimosa Birch Glen $ 13,975 $ 15,480 $ 11,450 89,485 48,790 97,715 12266174 $159,750 $ 84,510 $ 67,155 Total $ 50,255 300,795 448 $419,295 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 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 four pools? 3. Using the cost pool system in requirement 2, how much of the central office costs would be allocated to each resort? * Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 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 four pools? (Enter your answers in thousands of dollars.) Allocation Base Revenue Square feet Number of rooms Assets $ $ $ $ Total 6,400 4,880 5,620 X 50 Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Using the cost pool system in requirement 2, how much of the central office costs would be allocated to each resort? (Do not round intermediate calculations. Enter your answers in thousands rounded to the nearest dollar.) Oak Glen Mimosa Birch Glen $ $ Allocation Base Revenue Square feet Number of rooms Assets Total cost allocated Pine Valley 9,350 64,805 1,079 107,880 X 183,114 Total 9,350 64,805 1,079 107,880 183,114 $ $ 0 $ 0 $ $
