Konig Enterprises, Limited, owns and operates three restaurants in Vancouver, B.C. The company allocates its fixed administrative expenses to the three restaurants on the basis of sales dollars. Last year the fixed administrative expenses totaled $890,000 and wer allocated as follows: Restaurants Total sales-Last Year Rick's Harborside $ 24,000,000 Imperial Garden $ 21,000,000 Ginger Mok $ 15,000,000 Total $ 60,000,000 Percentage of total sales 40% 35% 25% Allocation (based on the above percentages) 3 356,000 3 222,500 $ 311,500 100% $ 890,000 This year the Imperial Garden restaurant Increased its sales by $15 million. The sales levels in the other two restaurants remained unchanged. The company's sales data for this year were as follows: RICK'S Harborside Restaurants Imperial Garden Total sales-This Year Percentage of total sales $ 24,000,000 $ 35,000,000 Ginger Mok $15,000,000 Total $ 75,000,000 32% 48% 20% 100% Fixed administrative expenses for this year remained unchanged at $890,000. Required: 1. Using sales dollars as an allocation base, show the allocation of the fixed administrative expenses among the three restaurants for this year 2. Calculate the change in each restaurant's allocated cost from last year to this year. 3. Is sales dolars a good base for allocation of fixed costs? Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 year. 1. Using sales dollars as an allocation base, show the allocation of the fixed administrative expenses among the three restaurants for this 2. Calculate the change in each restaurant's allocated cost from last year to this year. (Negative amounts should be indicated by a minus sign.) Rick's Harborside Imperial Garden Ginger Wolk Total 1. Fixed administrative expense allocation-current year 2. Change in allocated cost SS 0 Req3 >> Konig Enterprises. Limited, owns and operates three restaurants in Vancouver, B.C. The company allocates its fixed administrative expenses to the three restaurants on the basis of sales dollars. Last year the fixed administrative experses totaled $890,000 and were allocated as follows: Restaurants Rick's Harborside Total sales-Last Year $ 24,000,000 Imperial Garden $ 21,000,000 Percentage of total sales 40% 35% Allocation (based on the above percentages) 3 356,000 Ginger Mok $ 15,000,000 25% $222,500 Total $ 60,000,000 100% 3 890,000 $ 311,500 This year the Imperial Garden restaurant increased its sales by $15 million. The sales levels in the other two restaurants remained unchanged. The company's sales data for this year were as follows: Rick's Harborside Restaurants Imperial Garden Total sales-This Year Percentage of total sales $ 24,000,000 $ 36,000,000 Ginger Mok $15,000,000 Total $ 75,000,000 32% 48% 20% 100% Fixed administrative expenses for this year remained unchanged at $890,000. Required: 1. Using sales dollars as an allocation base, show the allocation of the fixed administrative expenses among the three restaurants for this year 2. Calculate the change in each restaurant's allocated cost from last year to this year. 3. Is sales dollars a good base for allocation of fixed costs? Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Is sales dollars a good base for allocation of fixed costs? Yes ONO