Spring Green company rents a building with a total of 100,000 square feet, which are evenly...
Spring Green company rents a building with a total of 100,000 square feet, which are evenly divided between two floors. The space on the first floor is considered twice as valuable as that on the second floor. The total monthly rent for the building is $30,000. How much of the monthly rental expense should be allocated to a department that occupies 10,000 square feet on the first floor?
Homework Answers
Answer : Rental Expenses = $ 4,000
Total Square Feets on the First Floor = 100,000/2 = 50,000
Total Rent for 50,000 Feets = 30,000*2/3 = 20,000
Rent Allocated to the Department = 10,000/50,000*20,000 = $ 4,000 (Answer)
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Spring Green company rents a building with a total of 100,000
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