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