Washington Arts allocates marketing and administrative costs to its three schools based on total annual tuition revenue for the schools: School Longview Campus Springhill Campus Center Saint Campus Total Tuition revenue $ 1,400,000 $ 1,200,000 $ 1,400,000 $ 4,000,000 Marketing and administrative
Washington Arts allocates marketing and administrative costs to its three schools based on total annual tuition revenue for the schools: School Longview Campus Springhill Campus Center Saint Campus Total Tuition revenue $ 1,400,000 $ 1,200,000 $ 1,400,000 $ 4,000,000 Marketing and administrative
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Q22
Washington Arts allocates marketing and administrative costs to its three schools based on total annual tuition revenue for the schools:
| School | Longview Campus | Springhill Campus | Center Saint Campus | Total |
|---|---|---|---|---|
| Tuition revenue | $ 1,400,000 | $ 1,200,000 | $ 1,400,000 | $ 4,000,000 |
| Marketing and administrative | $ 1,600,000 |
Using revenue as an allocation base, the amount of costs allocated to the Springhill Campus is calculated to be:
Multiple Choice
-
$640,000.
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$560,000.
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$400,000.
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$480,000.
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$760,000.
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