Assigning Traceable Fixed Expenses Selected data for Miller Company, which operates three departments, follow: Department A Department B Depard Inventory $120,000 $432,000 Equipment (average cost) $1,080,000 $648,000 Payroll $810,000 $720,000 Square feet of floor space 18,000 9,000 Support During the year, the company's fixed expenses included the following: Depreciation on equipment $120,000 Real estate taxes 36,000 Personal property taxes (on inventory and equipment) 57,600 Personnel department expenses 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. Assigning Traceable Fixed Expenses Selected data for Miller Company, which operates three departments, follow: Department A Department B Depart Inventory $120,000 $432,000 Equipment (average cost) $1,080,000 $648,000 Payroll $810,000 $720,000 Square feet of floor space 18,000 9,000 During the year, the company's fixed expenses included the following: Depreciation on equipment $120,000 Real estate taxes 36,000 Personal property taxes (on inventory and equipment) 57,600 Personnel department expenses 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. Assigning Traceable Fixed Expenses Selected data for Miller Company, which operates three departments, follow: Inventory Equipment (average cost) Payroll Square feet of floor space Department A Department B Department C $120,000 $432,000 $168,000 $1,080,000 $648,000 $432,000 $810,000 $720,000 $270,000 18,000 3,000 9,000 During the year, the company's fixed expenses included the following: Depreciation on equipment Real estate taxes Personal property taxes (on inventory and equipment) Personnel department expenses $120,000 36,000 57,600 40,000