Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. chilton day school allocates marketing and adminis

Chilton Day School allocates marketing and administrative costs to its three schools on the basis...

70.2K

Verified Solution

Question

Accounting

image

Chilton Day School allocates marketing and administrative costs to its three schools on the basis of each school's annual tuition revenue (as a percentage of the total). Last year the allocations (000s omitted) were as follows: Middle School $ 1,810 330 Preschool $ 1,510 280 High School $ 2,210 405 Tuition revenue Marketing and administration 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 much current year cost will be allocated to the: (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amounts. Similar to the given information, omit 000s from your answer.) Middle School High School Preschool $ 344,050 Total 344,050 Cost allocation $

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Find the average value of f over the given rectanglef(x, y) = 4xy, R has...

Calculus
Q

Appendix 6B Inventory Costing Methods Periodic Average Bordeaux Company has the following information related to...

Basic Math
Q

Hi, my homework assignment is to explain what wokld happen if we only used WACC (Weighted Average...

Finance
Q

Identify major empires in three of the following areas, c. 2000-250 CE, Africa, Asia, the Middle...

Psychology
Q

1 500A 2 5000 A 3 50000 A 4 500000 A The rate of cooling...

Physics
Q

lim sin x 4 sin 4 0 H 0 sin x 4 sin a cos...

Calculus
Q

The diagram shows the parts of a right triangle with an altitude to the hypotenuse...

Algebra
Q

(a) prepare a statement for the year showing contribution per product line and comment briefly...

Accounting
Q

of 2 Required information [The following information applies to the questions displayed below.) Laker Company...

Accounting
Q

Are each companys revenues and expenses increasing or decreasing? Amazon and Netflix

Accounting
Q

The following transactions apply to Ozark Sales for Year 1: 1. The business was started...

Accounting
Q

Which of the following statements is not true? A. Faithful representation is the quality of...

Accounting