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tuition revenue for the schools. Last year the allocations (000s omitted) were as follows: ...

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Accounting

tuition revenue for the schools. Last year the allocations (000s omitted) were as follows:

Preschool Middle School High School Total
Tuition revenue $1,540 $1,840 $2,240 $5,620
Marketing and administration 295 345 420 1,060

In the current year, the middle and high schools experienced no change in revenues, but the preschools tuition revenue increased to $1.94 million. Marketing and administrative costs rose to $1,290,000.

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. Round "Relative revenue" to 4 decimal places (i.e., .123456 = 12.3456%), "Percentage increase" to 1 decimal place (i.e., .123 = 12.3%) and "Cost allocation" to 2 decimal places.)

preschool middle school highschool total
cost allocation

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