0 0 3 ACC1200 901Fali2022 x e Questions-QUIZ CH x u Course Hero x i u Course Hero x i u Course Hero x | u Course Hero x | + v (- C' i ezto.mheducation.com/ext/map/index.htmI?_con:con&externa|_browser:08daunchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/,.. r1] 1} at El El . E M Gmail L My DriveGoogle... YouTube 9 Maps 33 Canvas Other Bookmarks QUIZ CH 7 0 Saved Help Save 3 Exit Submit 8 6.25 Hiram's Lakeside is a popular restaurant located on Lake Washington in Seattle. The owner of the restaurant has been trying to better points understand costs at the restaurant and has hired a student intern to conduct an activity-based costing study. The intern, in consultation with the owner, identied three major activities and then completed the rst-stage allocations of costs to the activity cost pools. The results appear below. Exercise 7-14 (Algo) Calculating and Interpreting Activity-Based Costing Data [LO7-3, LO7-4] eBook Activity Cost Pool Activity Measure Total Cost Total Activity References Serving a party of diners Number of parties served $ 11,380 5,400 parties Serving a diner Number of diners served $ 92,720 12,200 diners Serving drinks Number of drinks ordered $ 26,160 10,900 drinks The above costs include all of the costs of the restaurant except for organization-sustaining costs such as rent, property taxes, and top- management salaries. Some costs, such as the cost of cleaning the linens that cover the restaurant's tables, vary with the number of parties served. Other costs, such as washing plates and glasses, depend on the number of diners served or the number of drinks served, Prior to the activity-based costing study, the owner knew very little about the costs of the restaurant. She knew that the total cost for the month (including organization-sustaining costs) was $180,000 and that 12,000 diners had been served. Therefore, the average cost per diner was $15. Required: 1&2. According to the activity-based costing system, what is the total cost and average cost per diner for serving each of the following parties of diners? (Round your intermediate calculations to 2 decimal places. Round your Total Cost final answers to 2 decimal places and your Average Cost final answers to 3 decimal places.) % ( Prev 8 of 8 EEE . . 3:3 ACC1200 901 Fall 2022 x e Questions-QUIZ OH x u Course Here x l u Course Hero x l u Course Hero x I u Course Hero x I + v ( i C' i ezto.mheducation.com/ext/map/index.html?_con=con&externa|_browser=0&launchUrl=htips%253A%252F%252Fnewconnect.mheducation.com%252F#/... r1] r I 3 El . E M Gmail 6 My DrivevGoogle... YouTube 9 Maps E} Canvas OtherBookmarks QUIZ CH 7 0 Saved Help Save a Exit Submit Serving a party of diners Number of parties served 5 11,880 5,400 parties Serving a diner Number of diners served $ 92,720 12,200 diners Serving drinks Number of drinks ordered $ 26,160 10,900 drinks The above costs include all of the costs of the restaurant except for organization-sustaining costs such as rent, property taxes, and top- management salaries. 6.25 poms Some costs, such as the cost of cleaning the linens that cover the restaurant's tables, vary with the number of parties served. Other costs. such as washing plates and glasses, depend on the number of diners served or the number ofdrinks served. eBook Prior to the activity-based costing study, the owner knew very little about the costs of the restaurant. She knew that the total cost for References the month (including organization-sustaining costs) was $180,000 and that 12,000 diners had been sewed. Therefore, the average cost per diner was $15. Required: 1&2. According to the activity-based costing system, what is the total cost and average cost per diner for serving each of the following parties of diners? (Round your intermediate calculations to 2 decimal places. Round your Total Cost final answers to 2 decimal places and your Average Cost final answers to 3 decimal places.) a. A party at four diners who order four drinks in total. per diner b. A party oi two diners who do not order any drinks. per diner c. A party of one diner who orders four drinks. per diner Next %