Assignment 2 - October 20 version Saved Help Save & Exit S 4 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 02:25:09 eBook 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 $ 62,000 7,750 parties Serving a Diner $114,750 12,750 diners Serving Drinks $51,600 19,750 drinks Total $228, 350 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 $228,350 and that 12.750 diners had been served. Therefore, the average cost per diner was approximately $17.91 (= $228,350 + 12,750 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 Serving Activate windows M ment 2 - October 20 version Saved Help Sa 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 Cost per unit of activity 24:51 K 2. According to the ABC system, what is the total cost of serving each of the following parties of diners? (Do not round intermediate calculations. Round your answers to 2 decimal places.) Total Cost . A party of four diners who order three drinks in total, b. A party of two diners who do not order any drinks C. A party of one diner who orders two drinks 3. Convert the total costs you computed in part (2) to costs per diner. In other words, what is the average cost per diner for serving each of the following parties of diners? (Do not round intermediate calculations. Round your answers to 2 decimal places.) Average Cost per diner a. A party of four diners who order three drinks in total. b. Aparty of two diners who do not order any drinks. C. A party of one diner who orders two drinks. per diner per diner 4. This part of the question is not part of your Connect assignment