Question: Assigning Traceable Fixed Expenses Selected data for Miller Company, which operates three departments, follow: During the year, the company's fixed expenses included the following: traceable
Assigning Traceable Fixed Expenses
Selected data for Miller Company, which operates three departments, follow:
During the year, the company's fixed expenses included the following:
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 Department C
Inventory $ $ $
Equipment average cost $ $ $
Payroll $ $ $
Square feet of floor space
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
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
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