Question: Exercises 1 8 - 3 0 ( Static ) Allocation of Marketing and Administrative Costs; Profit Centers [ LO 1 8 - 3 ] Chilton
Exercises Static Allocation of Marketing and Administrative Costs; Profit Centers LO
Chilton Day School allocates marketing and administrative costs to its three schools on the basis of each schools annual tuition revenue as a percentage of the total Last year the allocations s omitted were as follows:
PreschoolMiddle SchoolHigh SchoolTotalTuition revenue$ $ $ $ Marketing and administration
In the current year, the middle and high schools experienced no change in revenues, but the preschools tuition revenue increased to $ million. Marketing and administrative costs rose to $
Required:
Using revenue as an allocation base, how much current year cost will be allocated to the:
Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amounts.
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