Public Budgeting and Finance Assignment 02 1. A college's School of Liberal Arts has three departments. Estimated information for the next year is presented in the seifchecking spreadsheet and the essential information is posted below: b. .-- NumberofStudents er Year 1,400 Number of Classes per Semester Number of Professors $30 000 000 5811000000 $9. 000000 25000 .000 14,000,000 7,000,000 Does the allocation of equal amounts of indirect cost provide a "fair" allocation? Answer yes or no and explain your reasoning. Which cost driver best serves the interests of the Science department? Which cost driver best serves the interests of the History department? Which cost driver best serves the interests of the English department? What cost driverls) would you suggest that the school use to assign a "fair" portion of overhead costs to each department