Exercise 7-14 (Algo) Calculating and Interpreting Activity-Based Costing Dato [LO7-3, LO7-4) Hiram's Lakeside is a popular restaurant located on Lake Washington in Seattle. The owner of the restaurant has been trying to better understand costs at the restaurant and has hired a student intern to conduct an activity based costing study. The intem, in consultation with the owner, identified three major activities and then completed the first stage allocations of costs to the activity cost pools. The results appear below AM TORTA tervino der et par 1.300.000 TL eri od 1.000 2.500 din mot din order 120.60 20.600 din 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 cous, such as the cost of cleaning the lines that cover the restaurant's tables, wary with the number of parties served Other costs, such as wathing plates and depend on the number of cines 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 5180.000 and that t2.000 diners had been served. Therefore, the average cost per diner was $15 Required 12. 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 dienst 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) Total Com Anyone who drinkin Aparty the diners who was Aparty of one who orders Avaya Com per por diner per diner Exercise 7-14 (Algo) Calculating and Interpreting Activity-Based Costing Data (L07-3, L07-4) Hiram's Lakeside is a popular restaurant located on Lake Washington in Seattle. The owner of the restaurant has been trying to better 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, identified three major activities and then completed the first stage allocations of costs to the activity cost pools. The results appear below. harity Coat Pool ACEIVEEG Measure Total Cost Total Activity Serving a party of diners Number of parties served $ 14,300 5,500 parties Serving diner Blumber of diners served 115,000 12,500 diners Serving drinks Number of drinks ordered 29.680 10,600 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: 182. 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.) Total Cont a A party of six diners who order three drinks in total b. A party of three diners who do not order any drinks c. A party of one diner who orders fout drinks Average Cost per diner per diner per diner