Chilton Day School allocates marketing and administrative costs to its three schools based on total annual...

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Chilton Day School allocates marketing and administrative costs to its three schools based on total annual tuition revenue for the schools. Last year the allocations (000s omitted) were as follows: Tuition revenue Marketing and administration Middle Preschool School $1,510 $1,810 280 330 High School $2,210 405 Total $5,530 1,015 In the current year, the middle and high schools experienced no change in revenues, but the preschool's tuition revenue increased to $1.91 million. Marketing and administrative costs rose to $1,260,000. Required: 1. Using revenue as an allocation base, how should the costs be allocated for the current year? (Do not round Intermediate calculations. Enter your dollar answers in thousands rounded to 2 decimal places.) Cost allocation Preschool Middle School High School Total $ 0.00 Chilton Day School allocates marketing and administrative costs to its three schools based on total annual tuition revenue for the schools. Last year the allocations (000s omitted) were as follows: Tuition revenue Marketing and administration Middle Preschool School $1,510 $1,810 280 330 High School $2,210 405 Total $5,530 1,015 In the current year, the middle and high schools experienced no change in revenues, but the preschool's tuition revenue increased to $1.91 million. Marketing and administrative costs rose to $1,260,000. Required: 1. Using revenue as an allocation base, how should the costs be allocated for the current year? (Do not round Intermediate calculations. Enter your dollar answers in thousands rounded to 2 decimal places.) Cost allocation Preschool Middle School High School Total $ 0.00