QS 22-8 Rent expense allocated to departments LO P2 A retailer pays $160,000 rent each year for its two-story building. The space in this building is occupied by five departments as specified here. 1,645 nquare feet of first-floor space 3,055 square feet of first-floor space 2,021 square feet of second-floor space 799 square feet of second-floor space 1,880 square feet of second-floor space Jewelry department Cosmetics department. Housewares department Tools department Shoes department The company allocates 60% of total rent expense to the first floor and 40% to the second floor, and then allocates rent expense for each floor to the departments occupying that floor on the basis of space occupied. Determine the rent expense to be allocated to each department. Amount Allocated % of Total Cost First floor Second floor Totals First Floor Sq. Feet % of Total Cost Jewelry Dept. Cosmetics Dept. Totals 0% Sq. Feet Second Floor % of Total Cost Shoes de The company allocates 60% of total rent expense to the first floor and 40% t each floor to the departments occupying that floor on the basis of space occ Determine the rent expense to be allocated to each department. Amount Cost % of Total Allocated First floor Second floor 0% $ Totals Sq. Feet First Floor % of Total Cost Jewelry Dept. Cosmetics Dept. Totals 0% %24 Second Floor Sq. Feet % of Total Cost Housewares Dept. Tools Dept. Shoes Dept. Totals 0% $