Please help with the ones I have wrong in red. x C McGraw Hill Connect xConnect
ID: 2561238 • Letter: P
Question
Please help with the ones I have wrong in red. x C McGraw Hill Connect xConnect C Secure | https Apps For quick access, place your bookmarks here on html the bookmarks bar. Import bokmerksnow Check my work mode : This shows what is correct or incorrect for the work you have completed so far 4 Return to question A retailer pays $110,000 rent each year for its two-story building. The space in this building is occupied by five departments as specified here 10 points Jewelry deperteent Cosmetics department Housewares depertsent Tools department Shoes deperteent 1,920 square feet of first-floor space 2,888 square feet of first-floor space 2,132 square feet of second-floor space 912 square feet of second-floor space 1,776 square feet of second-floor space The company allocates 65% of total rent expense to the first floor and 35%to the second n each floor to the departments occupying that floor on the basis of space occupied and then allocates rent expense for Determine the rent expense to be allocated to each department 3 Answer is complete but not entirely correct | %or Total Amount Cost . 65% s First loor Second floor Totals 110,000 C 110 000 35% 38 500 48% 0 34320 01 1 920 S Jewelry Dept Cosmetics Dept Totals 2 100% 37 180 1500 2.880 of Total Floor sq. Feet 2 112 44% )$ 16940 19%73150 37% 14 2450 912 0 Tools Deps Shoes Dept TotalsExplanation / Answer
amount allocated
% of total
cost
first floor
110000
65%
71500
second floor
110000
35%
38500
total
100%
110000
first floor
SQ feet
% of total = 1920/4800 = .4 & 2880/4800 = .6
cost = 71500*.4 = 28600 & 71500*.6 = 42900
jewelery
1920
0.4
28600
cosmetics
2880
0.6
42900
total
4800
1
71500
second floor
SQ feet
%0f total
cost
houseware department
2112
0.44
16940
tools department
912
0.19
7315
shoes department
1776
0.37
14245
total
4800
1
38500
amount allocated
% of total
cost
first floor
110000
65%
71500
second floor
110000
35%
38500
total
100%
110000
first floor
SQ feet
% of total = 1920/4800 = .4 & 2880/4800 = .6
cost = 71500*.4 = 28600 & 71500*.6 = 42900
jewelery
1920
0.4
28600
cosmetics
2880
0.6
42900
total
4800
1
71500
second floor
SQ feet
%0f total
cost
houseware department
2112
0.44
16940
tools department
912
0.19
7315
shoes department
1776
0.37
14245
total
4800
1
38500