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A company rents a building with a total of 77,500 square feet, which are evenly divided between two floors. The total monthly rent for the
A company rents a building with a total of 77,500 square feet, which are evenly divided between two floors. The total monthly rent for the building is $46,500. The company allocates $31,000 of total rent expense to the first floor and $15,500 of total rent expense to the second floor. How much of the monthly rental expense should be allocated to a department that occupies 10,000 square feet on the second floor? Multiple Choice $3,100. $12,400. $4,650. $4,000. $7,750 During its most recent fiscal year, Raphael Enterprises sold 360,000 electric screwdrivers at a price of $19.80 each. Fixed costs amounted to $1,296,000 and income was $1,656,000. What amount should have been reported as variable costs in the company's contribution margin income statement for the year in question? Multiple Choice $2,952,000. $2,880,000. $5,472,000. $4,176,000. $7,128,000
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