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  3. a retailer pays $130,000 rent each year for its tw

A retailer pays $130,000 rent each year for its two-story building. The space in this...

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Accounting

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A retailer pays $130,000 rent each year for its two-story building. The space in this building is occupied by five departments as specified here. Dewelry department Cosmetics department Housewares department Tools department Shoes department 1,760 square feet of first-floor space 2,640 square feet of first-floor space 1,848 square feet of second-floor space 792 square feet of second-floor space 1,760 square feet of second-floor space The company allocates 70% of total rent expense to the first floor and 30% 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 %Of Total Cost Allocated First floor Second floor Totals First Floor Sq, Feet | % of Total Cost Jewelry Dept Cosmetics Dept Totals Sq. Feet % of Total Cost Second Floor Housewares Dept Tools Dept. Shoes Dept Totals |

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