Gino's Restaurants | ||||
Ans 1) | ||||
Activity Rate for each of the activity | ||||
(A) | (B) | (A)/(B) | ||
Activity cost pool | Total Cost | Total Activity | Activity Rate | |
Serving a Party | $ 43,200.00 | 8000 | $ 5.40 | Per party |
Serving a Dinner | $ 1,48,000.00 | 20000 | $ 7.40 | per dinner |
Serving Drinks | $ 72,000.00 | 48000 | $ 1.50 | per drink |
Ans 2a) | ||||
A Party of four dinners who orders three drinks in total | ||||
Cost of Party+Number of Dinner* cost per dinner+Number of Drinks*Cost per drinks | ||||
$5.4+4*$7.40+3*$1.50= | $ 39.50 | |||
Ans 2b) | ||||
A Party of two dinners who do not orders any drinks | ||||
Cost of Party+Number of Dinner* cost per dinner+Number of Drinks*Cost per drinks | ||||
$5.4+2*$7.40+0*$1.50= | $ 20.20 | |||
Ans 2c ) | ||||
A lone dinner who orders two drinks | ||||
Cost of Party+Number of Dinner* cost per dinner+Number of Drinks*Cost per drinks | ||||
0*$5.4+1*$7.40+2*$1.50= | $ 10.40 | |||
Total | ||||
a) | A Party of four dinners who orders three drinks in total | $ 39.50 | ||
b) | A Party of two dinners who do not orders any drinks | $ 20.20 | ||
c ) | A lone dinner who orders two drinks | $ 10.40 | ||
Ans 3a,b,c) | ||||
Cost of 4 Dinners | Cost of 2 dinners | a lone dinner | ||
Total cost=(A) | $ 39.50 | $ 20.20 | $ 10.40 | |
Number of Dinners=(B) | 4 | 2 | 1 | |
Average cost per dinner=(A)/(B) | $ 9.88 | $ 10.10 | $ 10.40 | |
Average cost | ||||
a) | A Party of four dinners who orders three drinks in total | $ 9.88 | Per dinner | |
b) | A Party of two dinners who do not orders any drinks | $ 10.10 | Per dinner | |
c ) | A lone dinner who orders two drinks | $ 10.40 | Per dinner | |
Gino's Restaurant is a popular restaurant in Boston, Massachusetts. The owner of the restaurant has been...
Gino's Restaurant is a popular restaurant in Boston, Massachusetts. 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 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 A group of diners who...
Gino's Restaurant is a popular restaurant in Boston, Massachusetts. 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 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 Some costs, such as...
Gino's Restaurant is a popular restaurant in Boston, Massachusetts. 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 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 A group of diners who...
Gino's Restaurant is a popular restaurant in Boston, Massachusetts. 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 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 A group of diners who...
Gino's Restaurant is a popular restaurant in Boston, Massachusetts. 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 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 A group of diners who...
Gino's Restaurant is a popular restaurant in Boston, Massachusetts. 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 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 A group of diners who...
Gino’s Restaurant is a popular restaurant in Boston, Massachusetts. 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 the following major activities: Activity Cost Pool Activity Measure Serving a party of diners Number of parties served Serving a diner Number of diners served Serving drinks Number of drinks ordered A group of diners who...
Gino's Restaurant is a popular restaurant in Boston, Massachusetts. 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 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 A group of diners who...
Gino's Restaurant is a popular restaurant in Boston, Massachusetts. 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 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 A group of diners who...
Gino's Restaurant is a popular restaurant in Boston, Massachusetts. 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 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 dinero served Number of drinks ordered A group of diners who...