PLEASE ANSWER ALL 3 QUESTION !!! WILL

Please answer ASAP !!! Will

Gino's Restaurant is a popular restaurant in Boston, Massachusetts. The owner of the restaurant has been trying to better understandi 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 ask to sit at the same table is counted as a party. Some costs, such as the costs of cleaning linen, are the same whether one person is at a table or the table is full. Other costs, such as washing dishes, depend on the number of diners served. Data concerning these activities are shown below. Total Total cost Serving a Party $ 52,800 8,000 parties Serving a Diner $ 240,000 40,000 diners Serving Drinks $ 67,200 56,000 drinks $ 360,000 Total activity 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 was $360,000 and that 40,000 diners had been served. Therefore, the average cost per diner was $9.00 ($360,000+ 40,000 diners = $9.00 per diner). Required: 1. Compute the activity rates for each of the three activities. 2. According to the activity-based costing system, what is the total cost of serving each of the following parties of diners? a. A party of four diners who order three drinks in total. b. A party of two diners who do not order any drinks. c. A lone diner who orders two drinks. 3. Convert the total costs you computed in part (2) above to costs per diner. In other words, what is the average cost per diner for serving each of the following parties? a. A party of four diners who order three drinks in total. b. A party of two diners who do not order any drinks. c. A lone diner who orders two drinks. Rocky Mountain Corporation makes two types of hiking boots-Xactive and Pathbreaker. Data concerning these two product lines appear below: Direct materials per unit. Direct labor cost per unit Xactive $ 65.80 $ 19.20 Pathbreaker $ 52.00 $ 14.00 Direct labor-hours per unit 1 DLHS Estimated annual production and sales. 1.4 DLHS 35,000 units 85,000 units The company has a conventional costing system in which manufacturing overhead is applied to units based on direct labor-hours. Data concerning manufacturing overhead and direct labor-hours for the upcoming year appear below: Estimated total manufacturing overhead Estimated total direct labor-hours $2,814,000 134,000 DLHS Required: 1-a. Compute the predetermined overhead rate based on direct labor-hours. 1-b. Using the predetermined overhead rate and other data from the problem, determine the unit product cost of each product. 2. The company is considering replacing its conventional costing system with an activity-based costing system that would assign its manufacturing overhead to the following four activity cost pools: Estimated Overhead Cost Activity Cost Pools and (Activity Measures). Supporting direct labor (direct labor-hours) Batch setups (setups) Expected Activity Pathbreaker 85,000 200 Xactive 49,000 300 $ 1,038,500 1,100,000 582,500 Total 134,000 500 Product sustaining (number of products) 1 1 2 General factory (machine-hours) 93,000 3,500 8,500 12,000 Total manufacturing overhead cost $ 2,814,000 Determine the activity rate for each of the four activity cost pools. 3. Using the activity rates and other data from the problem, determine the unit product cost of each product. Pamalata thle mnction hintaan in the the hala Performance Products Corporation makes two products, titanium Rims and Posts. Data regarding the two products follow: Direct Labor- Hours per unit 0.50 Annual Production 25,000 units 88,000 units Rims Posts 0.80 Additional information about the company follows: a. Rims require $19 in direct materials per unit, and Posts require $17. b. The direct labor wage rate is $15 per hour. c. Rims are more complex to manufacture than Posts and they require special equipment. d. The ABC system has the following activity cost pools: Estimated Activity Estimated Overhead Cost Activity Cost Pool Activity Measure Machine setups Rins Posts Total 70 430 500 Number of setups Machine-hours Special processing General factory $ 26,400 $ 163,680- $500,000 0 4,000 Direct labor-hours 4,000 12,500 70,400 82,900 Exercise 4-8 (Algo) Part 2 2. Determine the unit product cost of each product according to the ABC system. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Unit product cost of Rims Unit product cost of Posts