Question: Assigning Traceable Fixed Expenses Selected data for Miler Company, which operates three departments, follow Department A Department B Department C 288,000$112.000 720,000 $432,000 s288,000 135,000
Assigning Traceable Fixed Expenses Selected data for Miler Company, which operates three departments, follow Department A Department B Department C 288,000$112.000 720,000 $432,000 s288,000 135,000 3,000 Inventory Equipment (average cost) Payroll Square feet of floor space 80,000 $405,000 $360,000 18,000 9,000 During the year, the company's fixed expenses indluded the following Depreciation on equipment Real estate taxes Personal property taxes (on inventory and equipment)38,400 Personnel department ex $80,000 40,000 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 rtment C Depreciation Real estate taxes Personal property taxes Personnel dept. expenses Check
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