Assigning Traceable Fixed Expenses Selected data for Colony Company, which operates three departments, follow:

		Department A	Department B	Department C
Inventory		$60,000	$216,000	$84,000
Equipment (average cost)		$540,000	$324,000	$216,000
Payroll		$607,500	$540,000	$202,500
Square feet of floor space		27,000	13,500	4,500

During the year, the company's fixed expenses included the following:

Depreciation on equipment				$90,000
Real estate taxes				27,000
Personal property taxes (on inventory and equipment)				43,200
Personnel department expenses				45,000

Assume that the property tax rate is the same for both inventory and equipment. Using the most causally related bases, prepare a schedule assigning the fixed expenses to the three departments. Hint: Not all fixed expenses are traceable to the three departments. One of these fixed costs should be considered a common cost and not traceable to the departments.

Do not round until your final answer. Round final answer to the nearest whole number.

		Department A	Department B	Department C
Depreciation		$Answer	$Answer	$Answer
Real estate taxes		Answer	Answer	Answer
Personal property taxes		Answer	Answer	Answer
Personnel dept. expenses		Answer	Answer	Answer

CLICK HERE TO REMEW LEARNING OBJECTIVES QUESTION1 Not complete Points out of 3.00 P Flag question Assigning Traceable Fixed Expenses Selected data for Colony Company, which operates three departments, follow: Equipment (average cos) Payrall Square feet of floor space $60,000 540,000 $607,500 27,000 $216,000 5324,000 $540,000 13,500 $84,000 5216,000 202,500 4,500 During the year, the company's fixed expenses included the following: 90,000 27,000 43,200 45,000 Real estate texes Personal property taxes (on inventory and equipment) Assume that the property tax rate is the same for both inventory and equipment. Using the most causally related bases, prepare a schedule assigning the fixed expenses to the three departments. Hint: Not all fixed expenses are traceable to the three departments. One of these fixed costs should be considered a common cost and not traceable to the departments. Do not round until your final answer. Round final answer to the nearest whole number Department A Department B Department C Real eszate taxes ersonal propery taxes Check CLICK HERE TO REMEW LEARNING OBJECTIVES QUESTION1 Not complete Points out of 3.00 P Flag question Assigning Traceable Fixed Expenses Selected data for Colony Company, which operates three departments, follow: Equipment (average cos) Payrall Square feet of floor space $60,000 540,000 $607,500 27,000 $216,000 5324,000 $540,000 13,500 $84,000 5216,000 202,500 4,500 During the year, the company's fixed expenses included the following: 90,000 27,000 43,200 45,000 Real estate texes Personal property taxes (on inventory and equipment) Assume that the property tax rate is the same for both inventory and equipment. Using the most causally related bases, prepare a schedule assigning the fixed expenses to the three departments. Hint: Not all fixed expenses are traceable to the three departments. One of these fixed costs should be considered a common cost and not traceable to the departments. Do not round until your final answer. Round final answer to the nearest whole number Department A Department B Department C Real eszate taxes ersonal propery taxes Check