0 es A retailer pays $170,000 rent each year for its two-story building. Space in this...

  

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0 es A retailer pays $170,000 rent each year for its two-story building. Space in this building is occupied by five departments as shown here. Department Jewelry Cosmetics Department Housewares Tools Shoes Square feet occupied 1,380 (first-floor) 3,220 (first-floor) Square feet occupied 1,840 (second-floor) 736 (second-floor) 2,024 (second-floor) The company allocates $110,500 of total rent expense to the first floor and $59,500 to the second floor. It then allocates rent expense for each floor to the departments on that floor based on square feet occupied. Determine the rent expense to be allocated to each department Allocate these portions of total rent expense across the departments occupying each floor. First Floor Jewelry Department Square Feet 170.000 Percent of Total Cost Allocated 601% S 102 000 m The company allocates $110,500 of total rent expense to the first floor and $59,500 to the second floor, It then allocates rent expense for each floor to the departments on that floor based on square feet occupied. Determine the rent expense to be allocated to each department. Allocate these portions of total rent expense across the departments occupying each floor. First Floor Jewelry Department Cosmetics Department Totals Second Floor Housewares Department Tools Department Shoes Department Totals Square Feet 170,000 170,000 340,000 Square Feet 2,009 2,009 Percent of Total Cost Allocated $ 60% 40 % 100 % Percent of Total 41% % % 41 % 102,000 68,000 170,000 $ Cost Allocated $ $ 27,880 27,880 0 es A retailer pays $170,000 rent each year for its two-story building. Space in this building is occupied by five departments as shown here. Department Jewelry Cosmetics Department Housewares Tools Shoes Square feet occupied 1,380 (first-floor) 3,220 (first-floor) Square feet occupied 1,840 (second-floor) 736 (second-floor) 2,024 (second-floor) The company allocates $110,500 of total rent expense to the first floor and $59,500 to the second floor. It then allocates rent expense for each floor to the departments on that floor based on square feet occupied. Determine the rent expense to be allocated to each department Allocate these portions of total rent expense across the departments occupying each floor. First Floor Jewelry Department Square Feet 170.000 Percent of Total Cost Allocated 601% S 102 000 m The company allocates $110,500 of total rent expense to the first floor and $59,500 to the second floor, It then allocates rent expense for each floor to the departments on that floor based on square feet occupied. Determine the rent expense to be allocated to each department. Allocate these portions of total rent expense across the departments occupying each floor. First Floor Jewelry Department Cosmetics Department Totals Second Floor Housewares Department Tools Department Shoes Department Totals Square Feet 170,000 170,000 340,000 Square Feet 2,009 2,009 Percent of Total Cost Allocated $ 60% 40 % 100 % Percent of Total 41% % % 41 % 102,000 68,000 170,000 $ Cost Allocated $ $ 27,880 27,880

Answer rating: 100% (QA)

Amount Allocated of Total Cost First Floor 170000 60 102000 Second Floo... View the full answer