Alleghany Community College Operates Four Departments Alleghany's Annual Building Rental Cost Is $320,000
What Amount of by Each

question 31

Multiple Choice

Alleghany Community College operates four departments. The square footage used by each department is shown below. $\begin{array}{|l|r|}\hline{\text { De partment }} & \text { Square Footage } \\\hline \text { Accounting } & 3,000 \\\hline \text { Marketing } & 4,000 \\\hline \text { Technology } & 6,000 \\\hline \text { Sciences } & 3,000 \\\hline {\text { Total }} & \mathbf{1 6 , 0 0 0} \\\hline\end{array}$ Alleghany's annual building rental cost is $320,000
What amount of rent expense that should be allocated to the Sciences Department?

• A) $60,000
• B) $80,000
• C) $120,000
• D) $106,667

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Definitions:

Labor Costs

The total sum of all wages paid to employees, as well as the costs of employee benefits and payroll taxes incurred by an employer.

Unemployment Rate

The percentage of the labor force that is jobless and actively seeking employment.

Portfolio

A collection of financial investments like stocks, bonds, commodities, cash, and cash equivalents, including closed-end funds and exchange traded funds (ETFs).

Securities

Financial instruments that represent an ownership position in a company (stocks), a creditor relationship with a governmental body or a corporation (bonds), or rights to ownership as represented by an option.