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Selected data for Colony Company, which operates three departments, follow: Department A Department B Department C Inventory Equipment (average cost) Payroll Square feet of floor
Selected data for Colony Company, which operates three departments, follow: Department A Department B Department C Inventory Equipment (average cost) Payroll Square feet of floor space $90,000 $810,000 $607,500 27,000 $324,000 $486,000 $540,000 13,500 During the year, the company's fixed expenses included the following: Depreciation on equipment Real estate taxes Personal property taxes (on inventory and equipment) Personnel department expenses Depreciation Real estate taxes Personal property taxes Personnel dept. expenses $ $126,000 $324,000 $202,500 4,500 $135,000 40,500 64,800 67,500 Assume that the property tax rate is the same for both inventory and equipment. Using the most causally related bases, prepare a schedule assigning the fixed expenses to the three departments. Hint: Not all fixed expenses are traceable to the three departments. One of these fixed costs should be considered a common cost and not traceable to the departments. Do not round until your final answer. Round final answer to the nearest whole number. Department A Department B Department C $ $ Ouring the year, the companys fined expenses included the follewine Not all fined expensis are traceable to the thee departments. One of these fined costs should be considered a conmen sost and not raceable to the departinents. bo not roind unti your final answer. Round final answer to the nearest whole number. Selfected dxta for Colany Compicy which operates three departments, follow: During the your, the componys fixed expenses included the following
Selected data for Colony Company, which operates three departments, follow: Department A Department B Department C Inventory Equipment (average cost) Payroll Square feet of floor space $90,000 $810,000 $607,500 27,000 $324,000 $486,000 $540,000 13,500 During the year, the company's fixed expenses included the following: Depreciation on equipment Real estate taxes Personal property taxes (on inventory and equipment) Personnel department expenses Depreciation Real estate taxes Personal property taxes Personnel dept. expenses $ $126,000 $324,000 $202,500 4,500 $135,000 40,500 64,800 67,500 Assume that the property tax rate is the same for both inventory and equipment. Using the most causally related bases, prepare a schedule assigning the fixed expenses to the three departments. Hint: Not all fixed expenses are traceable to the three departments. One of these fixed costs should be considered a common cost and not traceable to the departments. Do not round until your final answer. Round final answer to the nearest whole number. Department A Department B Department C $ $
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