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A retailer pays $170,000 rent each year for its two-story building Space in this building is occupied by five departments as shown here Department Jewelry
A retailer pays $170,000 rent each year for its two-story building Space in this building is occupied by five departments as shown here Department Jewelry Cosmetics Square feet occupied 1,380 (first-floor) 3,220 (first-floor) Department Square feet occupied Housewares 2,024 (second-floor) Tools 874 (second floor) Shoes 1,702 (second floor) The company allocates $127500 of total rent expense to the first floor and $42,500 to the second floor It then allocates rent expense for each floor to the departments on that floor based on square feet occupied Determine the rent expense to be allocated to each department Determine the rent expense to be allocated to each department. Allocate these portions of total rent expense across the departments occupying each floor First Floor Square Feet Percent of Total Cost Allocated Jewelry Department % Cosmetics Department 96 Totals % Second Floor Square Feet Percent of Total Cost Allocated Housewares Department % Tools Department % Shoes Department 98 Totals % Use the following information to compute each department's contribution to overhead Which department contributes the largest amount toward total overhead? Sales Cost of goods sold Gross profit Total direct expenses Department A $ 62,000 39,060 22,940 5,460 Departments $ 180,000 93,600 86,400 42,940 Department $ 80,000 42,400 37,60e 8,266 Complete this question by entering your answers in the tabs below. Contribution to Departmental Overhead Overhead Compute each department's contribution to overhead. Department A Department Department Contribution to overhead Departmental Overhead > Use the following information to compute each department's contribution to overhead. Which department contributes the largest amount toward total overhead? Sales Cost of goods sold Gross profit Total direct expenses Department A $ 62,009 39,060 22,940 5,460 Departments $ 180,000 93,600 86,400 42,940 Department C $ 80,000 42,460 37,600 3,266 Complete this question by entering your answers in the tabs below. Contribution to Departmental Overhead Overhead which department contributes the largest amount toward total overhead? Which department contributes the largest dollar amount to total overhead?
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