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The towing tomonies to the questions displayed below) Neeson est restro departments, Housewares and Sporting Indirect expenses for the period follow. Rent Advertising Insurance Total $ 45,00 25,00 1e,se 5 Be, Bee The company occuples 4,000 square feet of a rented building. In prior periods, the company divided the $90,000 of Indirect expenses by 4,000 square feet to find an average cost of $20 per square foot, and then allocated indirect expenses to each department based on the square feet it occupled. The company now wants to allocate Indirect expenses using the allocation bases shown below. Department Housewares Sporting Total Square Feet 2,6ee 2,400 4,000 Sales 3 330.000 170.000 $ 500, eee Value of Insured Assets 5 55,600 45, cee $ 109,be Required: 1. Allocate Indirect expenses to the two departments using the allocation method used in prior periods Square Feet Department Housewares Sporting Rate Total $ $ 0 0 2. Allocate Indirect expenses to the two departments. Rent expense is allocated based on square feet occupied. Advertising expense is allocated based on total sales. Insurance expense is allocated based on the value of insured assets. Allocate $45,000 of rent using square feet occupied Square Feet Percent of Total Cost Allocated Housewares Sporting Total 093 Alocate 325.000 of advertising using percentage of sales Percent of Total Cost Allocated Housewares Sporting Total 0 OMIS Cost Allocated Allocate $10,000 of insurance using value of insured assets Assets insured Percent of Total Housewares Sporting Total 09 5 0