Question: 4. please complete correctly and i will give a thumbs up. Required information [The following information applies to the questions displayed below.] National Retail has
Required information [The following information applies to the questions displayed below.] National Retail has two departments, Housewares and Sporting. Indirect expenses for the period follow. Rent Advertising Insurance Total $ 45,000 25,000 10,000 $ 80,000 The company occupies 4,000 square feet of a rented building. In prior periods, the company divided the $80,000 of indirect expenses by 4,000 square feet to find an average cost of $20 per square foot, and then allocated indirect expenses to each department based on the square feet it occupied The company now wants to allocate indirect expenses using the allocation bases shown below. Value of Insured Department Square Feet Sales Assets Housewares 1,640 $ 320,000 $ 54,000 Sporting 2.360 180,000 46,000 Total 4,000 $ 500,000 $ 100,000 Required: 1. Allocate indirect expenses to the two departments using the allocation method used in prior periods, Rate Square Feet Department Housewares Sporting Tota! $ 0 $ 0 G BE Next >
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