This assignment is due soon, I want to check my answers before I submit them. Please make
Question:
This assignment is due soon, I want to check my answers before I submit them. Please make sure to answer within 0.5 to 2 hours. Please submit what you have within 2 hours, or this question is wasted and will be thumbed down. Thank you for your help in advance!
Ray Edmonds and Glen Greencorn would like to lease an office building for their separate accounting offices. The building has a total of 750 square metres of office space. Edmonds requires 400 square metres and Greencorn requires 350 metres. If each rents the space on his own, the cost will be $12.50 per square metre. If they rent the space together, the rent will be $10.50 per square metre.
Determine Edmonds' and Greencorn's respective share of the rent under the stand-alone cost allocation method.