alog of Online... New Tab G terminal GIGM.co... Sign in to your OC... Application/profile... Campus life...

Transcribed Image Text:

alog of Online... New Tab G terminal GIGM.co... Sign in to your OC... Application/profile... Campus life and s... Timetable for May... abled: MGMT8500 - Midterm Exa... Saved Help Save & Exit Submit Jordan's Lakeside is a popular restaurant located on Lake Muskoka in Ontario. The owner of the restaurant has been trying to better understand costs at the restaurant and has hired a student intern to conduct an ABC study. The intern, in consultation with the owner, identified the following major activities: Activity Cost Pool Serving a party of diners Serving a diner Serving drinks Activity Measure Number of parties served Number of diners served Number of drinks ordered One or more diners who ask to sit at a table are counted as a party. Some costs, such as the costs of cleaning linen, are the same whether one person is at a table or the table is full. Other costs, such as washing dishes, depend on the number of diners served. Data concerning these activities are displayed below. Total cost Total activity Serving a Party $65,600 Serving a Diner $119,600 8,000 parties 13,000 diners Serving Drinks $55,000 11,000 drinks Total $240,200 Prior to the ABC study, the owner knew very little about the costs of the restaurant. She knew that the total cost for the month was $240,200 and that 13,000 diners had been served. Therefore, the average cost per diner was approximately $18.48 (= $240,200+ 13,000 diners). Required: 1. Compute the activity rate for each of the three activities. (Round your answers to 2 decimal places.) Serving a Party Serving a Diner Serving Drinks < Prev 6 of 11 Next > alog of Online... New Tab G terminal GIGM.co... Sign in to your OC... Application/profile... Campus life and s... Timetable for May... abled: MGMT8500 - Midterm Exa... Saved Help Save & Exit Submit Jordan's Lakeside is a popular restaurant located on Lake Muskoka in Ontario. The owner of the restaurant has been trying to better understand costs at the restaurant and has hired a student intern to conduct an ABC study. The intern, in consultation with the owner, identified the following major activities: Activity Cost Pool Serving a party of diners Serving a diner Serving drinks Activity Measure Number of parties served Number of diners served Number of drinks ordered One or more diners who ask to sit at a table are counted as a party. Some costs, such as the costs of cleaning linen, are the same whether one person is at a table or the table is full. Other costs, such as washing dishes, depend on the number of diners served. Data concerning these activities are displayed below. Total cost Total activity Serving a Party $65,600 Serving a Diner $119,600 8,000 parties 13,000 diners Serving Drinks $55,000 11,000 drinks Total $240,200 Prior to the ABC study, the owner knew very little about the costs of the restaurant. She knew that the total cost for the month was $240,200 and that 13,000 diners had been served. Therefore, the average cost per diner was approximately $18.48 (= $240,200+ 13,000 diners). Required: 1. Compute the activity rate for each of the three activities. (Round your answers to 2 decimal places.) Serving a Party Serving a Diner Serving Drinks < Prev 6 of 11 Next >