ook Hint Print A retailer pays $200,000 rent each year for its two-story building. Space in this building is occupied by five departments as shown here Department Jewelry Cosmetics Department Housewares Tools Shoes Square feet occupied 1,350 (first-floor) 3,150 (first-floor) Square feet occupied 1,980 (second-floor) 900 (second-floor) 1,620 (second-floor). The company allocates $130,000 of total rent expense to the first floor and $70,000 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. ferences Mc Graw Allocate these portions of total rent expense across the departments occupying each floor First Floor Square Feet Percent of Total Cost Allocated Jewelry Department 1,350 00% S 91,000 Cosmetics Department 3,150 55 % 49.000 Totals 4,500 135 % $ 140,000 Second Floor Square Feet Percent of Total Cost Allocated Housewares Department 1.980 44% S 20.400 Tools Department 900 16% 9,600 Shoes Department 1,620 100 % 60,000 Totals 4,500 160 % S 96,000