Answer:
$16,800
Explanation:
Calculation to determine The amount of cost that should be allocated to the Chemistry Department is
First step is to calculate the Cost to be allocated
Cost to be allocated = $43,000 + $4,500 + $36,500
Cost to be allocated= $84,000
Second step is to calculate the Allocation base
Allocation base = 500 + 200 + 300
Allocation base = 1,000 total students
Third step is to calculate the Allocation rate using this formula
Allocation rate = Cost to be allocated ÷
Allocation base
Let plug in the formula
Allocation rate= $84,000 ÷ 1,000
Allocation rate = $84 per student
Now let calculate the Allocation to Chemistry Department
Allocation to Chemistry Department = $84 per student x 200
Allocation to Chemistry Department = $16,800
Therefore The amount of cost that should be allocated to the Chemistry Department is $16,800