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All of answers for cost allocated are wrong. Provide the answers and explain what I did wrong. 2 A retailer pays $160,000 rent each year
All of answers for cost allocated are wrong. Provide the answers and explain what I did wrong.
2 A retailer pays $160,000 rent each year for its two-story building. Space in this building is occupied by five departments as shown here. 1.25 points Department Jewelry Cosmetics Square feet occupied 1,840 (first-floor) 2,760 (first-floor) eBook Department Housewares Tools Shoes Square feet occupied 1,886 (second-floor) 736 (second-floor) 1,978 (second-floor) Hint Ask The company allocates $112,000 of total rent expense to the first floor and $48,000 to the second floor. It then allocates rent expense for each floor to the departments on that floor based on square feet occupied. Print References Determine the rent expense to be allocated to each department. Percent of Total 40% First Floor Jewelry Department Cosmetics Department Totals Second Floor Housewares Department Tools Department Shoes Department Square Feet 1,840 2,760 4,600 Square Feet 60 % 100 % Percent of Total 41% Cost Allocated $ 38,400 57,600 $ 96,000 Cost Allocated $ 26,240 10,240 27,520 $ 64,000 1,886 16 % 736 1,978 4,600 43% Totals 100 %Step by Step Solution
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