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I need help ASAP thank you! 9. (8 marks) For this question, you don't need to show your work; Just fill out the tables. You
I need help ASAP thank you!
9. (8 marks) For this question, you don't need to show your work; Just fill out the tables. You have the following annual information about Angles Bar and Grill, which consists of three different operating segments. The owner wants to allocate indirect costs to each area based on square footage, to analyze how each segment of the restaurant is performing. The dining room is 2,300 square feet, the bar area is 1,200 square feet and the outdoor patio is 1,500 square feet Allocate the indirect costs as indicated and fill in the blank cells of the following table. Angles bar & grill Income statement For the car ended December 31, 2020 dining room Bar Area wutdoor Patio Sales Reve $200,000 S150.000 S180,000 Direct Cody 100.000 100 000 150.000 Contribution SLO 0:00 5100 500.000 Indirect Costs Operating income $530.000 2000 0.000 sto The owner of the restaurant has an offer from a smoothie shop to rent the bar area for $18.000 per year. Rent does not include any of the indirect costs; they will have to be absorbed by the other segments, Prepare a revised income statement and advise the owner if this is an acceptable offer or not. Moonlight Bar and grill Income statement For the Year ended December 31, 2020 Sales Revenue Direct Costs Contribution Income fiel Costs ne before Rent Rental incomic Operating Incom What is your advice Step by Step Solution
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