QS 22-9 (Algo) Rent expense allocated to departments LO P2 A retaller pays $180,000 rent each year for its two-story building. Space in this building is occupled by five departments as shown here Department Jewelry Costics Square feet occupied 1,715 (first floor) 3,185 (first-floor) Department Square feet occupied Housewares 2,058 (second-floor) Tools 931 second floor Shoes 1,911 (second floor) The company allocates $135,000 of total rent expense to the first floor and $45,000 to the second floor It then allocates rent expense for each floor to the departments on the floor based on square feet occupled. Determine the rent expense to be allocated to each department Allocate these portions of totalrent expense across the departments occupying cachor First Floor Square Feet Percent of Total Cost Allocated Jewelry Department 1,7151 35 Cosmetics Department 3,105 53% Totals 4,900 88% 5 Second Floor Square Feet Percent of Total Cast Allocated Housewares Department 2,050 Tools Department Shoes Department 1,911 % Totals 4.900 0% $ 931