Solution-Prepare a schedule assigning the fixed expenses

Prepare a schedule assigning the fixed expenses

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Question - Assigning Traceable Fixed Expenses - Selected data for Miller Company, which operates three departments, follow:

	Department A	Department B	Department C
Inventory	$112,000	$403,200	$156,800
Equipment (average cost)	$1,008,000	$604,800	$403,200
Payroll	$810,000	$720,000	$270,000
Square feet of floor space	18,000	9,000	3,000

During the year, the company's fixed expenses included the following:

Depreciation on equipment	$112,000
Real estate taxes	33,600
Personal property taxes (on inventory and equipment)	53,760
Personnel department expenses	40,000

Assume that the property tax rate is the same for both inventory and equipment. Using the most causally related bases, prepare a schedule assigning the fixed expenses to the three departments.

Reference no: EM133063448

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Prepare a schedule assigning the fixed expenses

Reference no: EM133063448

Reference no: EM133063448

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