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  3. a retaler pays $160,000 rent each year for its two

A retaler pays $160,000 rent each year for its two-story building. The space in this...

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Accounting

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A retaler pays $160,000 rent each year for its two-story building. The space in this building is occupied by five departments as specified here. 1,680 square feet of first-floor space Jevelry department Cosmetics department 3,120 square feet of first-floor space Housewares department 2,064 square feet of second-floor space Tools department Shoes department 864 square feet of second-floor space 1,872 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 Amount Allocated% of Total Cost First floor Second floor Totals irst Floor | Sq. Feet | % of Total Cost Jewelry Dept Cosmetics Dept Second Floor Housewares Dept Tools Dept Shoes Dept Totals Sq. Feet % of Total Cost

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