Auto market pays 128000 rent each year for its two story

Assignment Help Accounting Basics
Reference no: EM13605117

Auto market pays 128,000 rent each year for its two story building. The space in this building is occupied by five dpartments as specified here Paint dep 1200squ. ft 1st floor engine depart 3600 sp ft first floor space window dep 1920 squ ft of second floor space electrical dep 1056 squ feet of second floor space accessory department 1824 square feet of second floor space The company allocates 65% of total rent expense to the first floor and 35% to the second floor and then allocates rent expense for each floor to the departments occupying that floor on the basis of space occpyingt that floor on . Determine the rent expense to be allocated to each department.

Reference no: EM13605117

Questions Cloud

Alexandria semiconductors produces 300000 hi-tech computer : alexandria semiconductors produces 300000 hi-tech computer chips per month. each chip uses a component which alexandria
But its engine failed at the moment the rocket has reached : a rocket is launched from the ground in vertical direction. but its engine failed at the moment the rocket has reached
On a hot summer day a young girl swings on a rope above : on a hot summer day a young girl swings on a rope above the local swimming hole. when she lets go of the rope her
Infinite products inc sold 120000 cases of glue at 40 per : effects of inventory costing methods on cash flows...infinite products inc. sold 120000 cases of glue at 40 per case
Auto market pays 128000 rent each year for its two story : auto market pays 128000 rent each year for its two story building. the space in this building is occupied by five
Using the periodic inventory system compute the cost of : periodic inventory system and inventory costing methodsin chronological order the inventory purchases and sales of a
Budgeted production 1000 units actual production 980 : budgeted production 1000 units actual production 980 unitsmaterials standard price per lb 2.00 standard pounds per
The value for za2 that will be used to calculate the 99 : a sample of 200 rates of return on real estate investments was computed and recorded. the sample mean is calculated to
The next golfer in the group hits a ball with the same : a golfer tees off on level ground giving the ball an initial speed of 46.5 ms and an initial direction of 37.5 degrees

Reviews

Write a Review

Accounting Basics Questions & Answers

  The star-lite theater inc was recently formed it began

the star-lite theater inc. was recently formed. it began operations in march 2010. the star-lite is unique in that it

  Stein company makes carpets a customer wants to place a

stein company makes carpets. a customer wants to place a special order for 1000 carpets in navy blue with the company

  A contingent liability is an obligation that depends on

a contingent liability is an obligation that depends on the occurrence of a future event and that should be recorded in

  Describe the significance of each of the following ratios

explain the significance of each of the following ratios. for each of the ratios indicate whether an increase can be

  The company is considering a purchase of equipment that

the company is considering a purchase of equipment that would reduce its direct labor costs by 114088 and would change

  Absorption and variable costing income statements

Explain the difference between absorption and variable costing income statements and discuss which method has a greater chance of manipulation by management.

  Frantic company had 130000 in sales on account last year

frantic company had 130000 in sales on account last year. the beginning accounts receivable balance was 10000 and the

  Andre preneur supervises two consulting jobs in the

andre preneur supervises two consulting jobs in the consulting firm of dewey cheatham and howe which does studies on

  Compute depreciation using straight-line method

Compute depreciation for 2011 and 2012 and the book value of the drill press at December 31, 2011 and 2012, assuming the straight-line method is used.

  Goldcoast corporation has budgeted a total of 356800 in

goldcoast corporation has budgeted a total of 356800 in costs and expenses for the upcoming quarter. of this amount

  During the year dempsey corporations current ratio

during the year dempsey corporations current ratio increased while its quick ratio decreased. which of the following

  What effect does this transaction have on revenue or

a corporation reacquires 25000 shares of its own 10 par common stock for 1000000 recording it at cost.a. what effect

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd