Question 15.1 The following information relates to Leisure Zone Ltd for the year ended 31 December. The Company uses a departmental accounting system which reports monthly accounts on its three departments - cinema, restaurants and bowling Cinema $('000) Restaurant $ ('000) Bowling $ ('000) Inventory as at 1 January Sales 100 120 80 2,100 3,000 1200 Purchases 1,050 1,200 700 Wages and payroll 200 150 130 Repairs and maintenance 50 40 20 Inventory as at 31 December Other expenses not directly associated any department 80 105 65 Rent Light and heat Insurance Administration and accounting Personnel Head office costs General expenses Depreciation Canteen costs It is company policy to apportion expenses that cannot be attributed to any particular department as follows: Floor area - rent, light and heat and insurance Turnover - general expenses head office costs and depreciation Number of employees - administration and accounting, canteen and personnel The floor area and number of employees are as follows Floor area (square meters) Number of employees 800 150 200 80 200 120 50 10 20 Cinema Restaurant Bowling 5,000 20 6,000 15 4,000 5 Required a) Prepare departmental accounts for each department based on the net profit method