Problem 4-14 (Algo) Compute and Use Activity Rates to Determine the Costs of Serving Customers [LO4-2, LO4-3, LO4-4] 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 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: Serving a Party Serving a Diner Serving Drinks Total Total cost $ 37,500 $ 159,000 $ 78,000 $ 274,500 Total activity 5,000 parties 30,000 diners 52,000 drinks 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 $274,500 and that 30,000 diners had been served. Therefore, the average cost per diner was $9.15 ($274,500 ÷ 30,000 diners = $9.15 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.

Grendene has six industrial plants, a factory for producing plastic, and a facility for making moulds, therefore based on the scenario, their manufacturing facilities most likely use mass production technologies.

Grendene's manufacturing facilities most likely use mass-production technology as they create footwear in huge quantities utilising standardised production procedures, according to the information presented. The construction of moulds for the shoes and the usage of the patented material Melflex plastic point to an uniform manufacturing procedure. Additionally, the company's collaboration with celebrity designers to produce fresh designs each season exemplifies a mass-production strategy because it allows it to quickly adjust to shifting fashion trends while continuing to use its current manufacturing techniques to produce large quantities of footwear. The manufacturing facilities of Grendene are therefore most likely to utilise option (d), mass-production technology.

learn more about manufacturing facilities here:

https://brainly.com/question/8712045

#SPJ4

The cost transferred to cost of goods sold for the sale of 600 of the units is 120,000. Frequently, market analysts use models with two sources of info: actual capital, with amount K and work, with amount L.

In financial matters, total cost (TC) is the base dollar cost of creating some amount of result.

This is the total monetary cost of creation and is comprised of variable cost, which changes as indicated by the amount of a decent delivered and incorporates information sources like work and natural substances.

Work #4260 comprised of 1,000 units at a total cost of $200,000. The cost moved to cost of products sold for the offer of 600 of the units is

Total cost / units x sale of units

200,000 / 1,000 x 600

= 120,000

The negligible cost can likewise be determined by tracking down the subordinate of total cost or variable cost. Both of these subsidiaries work in light of the fact that the total cost incorporates variable cost and fixed cost, yet fixed cost is a consistent with a subsidiary of 0.

The total cost of delivering a particular degree of result is the cost of the multitude of variables of creation. Total cost in financial matters incorporates the total open door cost (benefits got from the following best other option) of each element of creation as a feature of its fixed or variable costs.

Therefore The extra total cost of one extra unit of creation is called minor cost.

Learn more about Cost here:

brainly.com/question/15135554

#SPJ2

If the union and management are looking for a final decision that will be binding, they would go into arbitration.

What is Arbitration?

Arbitration is a method of dispute resolution in which a neutral third-party arbitrator is appointed to make a final and binding decision on the dispute between the two parties, as the question states "if the union and management are looking for a final decision that will be binding, they would go into arbitration".

To solve their disputes, the parties present their issues to the arbitrator, who hears all of the evidence and then renders a decision that is legally binding and cannot be appealed. It is a private dispute resolution method, and the arbitrator's decision is usually kept confidential.

What is Binding arbitration?

When the parties agree to be bound by the arbitrator's decision, it is known as binding arbitration. The arbitrator's decision is binding, meaning both sides must follow it. The arbitrator's decision is usually final, and it cannot be appealed. In other words, the parties cannot bring their dispute to court or any other forum after the arbitrator has issued a decision.

Complete Question: If the union and management are looking for a final decision that will be binding, then they would go into ______.

Learn more about arbitration at https://brainly.com/question/4779318

#SPJ11

Christmas brings in the most revenue of any holiday in the US. According to a 2019 survey, Americans were planning to spend a total of $1,048 billion on Christmas-related purchases.

Revenue is the amount of money that a company or organization receives in exchange for goods and services. It is a key indicator of a company's performance and financial health and is used to evaluate its success in generating income. Revenue can be generated from sales, investments, grants, and donations, among other than the sources. Companies use revenue to pay for operational costs, fund new projects and initiatives, and invest in their future globalization. Generating and managing revenue effectively is essential for any business to be successful, and understanding the sources and uses of revenue is an important part of running any business.

learn more about globalization here

https://brainly.com/question/30319380

#SPJ4

nominal GDP in this scenario is $20 billion.

To determine the nominal GDP in this scenario, we can use the equation of the Quantity Theory of Money:
Nominal GDP = Money Supply x Velocity of Money / Price Level
Plugging in the given values, we get:
Nominal GDP = $40 billion x 4 / 8
Nominal GDP = $20 billion
Therefore, the nominal GDP in this scenario is $20 billion. The Quantity Theory of Money is based on the assumption that the velocity of money and the price level are relatively stable in the short run. It suggests that changes in the money supply will have a proportional effect on the nominal GDP, holding other factors constant. However, this theory has limitations and does not always hold in practice due to various economic factors that can affect the velocity of money and the price level.

To know more about GDP visit:

brainly.com/question/31197617

#SPJ11

Answer:

public limited company

Explanation:

shares of public limited companies can be freely brought and sold on the sock market .

Keynesians hold that since prices are somewhat rigid, changes in any aspect of spending—consumption, investment, or government spending—cause production to alter.

According to the multiplier effect idea, increases in private expenditure lead to an additional boost in economic activity from government spending. The basic tenet of the theory is that increasing government expenditure results in higher household incomes, which in turn boosts consumer spending.

According to the Keynesian multiplier idea, economic growth will increase as public spending rises. The hypothesis holds that the total impact exceeds the sum of government expenditures. The theory's detractors claim that it fails to take into account how governments finance

To know more about Keynesian visit:

https://brainly.com/question/17247821

#SPJ4

Answer:

C. both a and b

Explanation:

The AVID binder is an organizational tool to help students maintain notes and school work in one place.

Answer:

C. both a and b

Answer:

(B) A contract was formed on April 6.

Explanation:

Since in the question it is mentioned that On april 1 gina inform oscar via mail that he is offering to purchase his home. Oscar received the offer as on April 5

And on April 6 oscar give the acceptance over the mail

So in the most states, the option b should be selected as on this date both parties to the contract are agreen upon

Therefore the option b is correct

The International accountants need to keep track of the exchange rates and gains when doing business in other countries.

These are important because this can affect the level of gains because the currency values in exchange differs.

Hence, they need to keep track of the exchange rates and gains when doing business in other countries.

Therefore, the Option B is correct.

Read more about exchange rates

brainly.com/question/2202418

#SPJ1

The action that is least likely to reduce the unsystematic risk in an investor's portfolio is to add technology stocks to her portfolio of industrial stocks. Therefore, the correct answer is option B.

Unsystematic risk, also known as specific risk, can be reduced by diversifying the investment portfolio. By spreading their investment across different types of assets, an investor can reduce the impact of unsystematic risk.The action that is least likely to reduce the unsystematic risk in an investor's portfolio is to add technology stocks to her portfolio of industrial stocks. This is because adding technology stocks to an industrial portfolio increases the portfolio's exposure to technology stocks, which may result in increased unsystematic risk in the portfolio.

Therefore, adding technology stocks to an industrial portfolio will not help to reduce the unsystematic risk of an investor's portfolio. This makes it the least likely option to reduce unsystematic risk. The other options all have the potential to reduce unsystematic risk. By adding U.S. Treasury bills, bonds, and international securities, the investor can spread their investment across different asset classes, thus reducing the impact of unsystematic risk. Additionally, reducing the number of stocks held in a stock portfolio can also help to reduce unsystematic risk.

know more about unsystematic risk

https://brainly.com/question/32521978

#SPJ11

Answer:

Brandtly Industries

The present value of the free cash flows projected during the next 4 years is $27,924,000 in total, details for each year are below:

Explanation:

a) Data and Calculation of the Present Value of the Free Cash Flows:

Present Value of Projected Free Cash Flows

               Free Cash Flow       Discount Factor      PV

Year 1:     $4,000,000               0.909                    $3,636,000

Year 2:    $7,000,000               0.826                    $5,782,000

Year 3:   $11,000,000                0.751                     $8,261,000

Year 4:  $15,000,000               0.683                   $10,245,000

Total     $37,000,000                                           $27,924,000

b) To get the present value of the free cash flow for each year for  Brandtly Industries, we discounted the free cash flow with their discount factors from the present value table at 10%, which is the weighted average cost of capital as given in the question.

The summation of the present values gives the total free cash flows projected for the next four years.

Answer:

A,B,C,F

Explanation:

Modification options are available in Design view of a report are -

a. Align fields

b. Change text color

c. Change the header title

e. Rename the underlying table

f. Change the background color

Modification is the action of modifying something.

Design is a plan or drawing produced to show the look and function or workings of a building, garment, or other object before it is made.

A report is a document that presents information in an organized format for a specific audience and purpose.

To learn more about Modification and design refer

https://brainly.com/question/15207311

#SPJ2

Answer:

Western Deli

Kevin Alvarez's straight time pay = $408.96

Explanation:

Data and Calculations:

Straight time = 36 hours per week

Overtime hours worked = 6 hours

Total hours worked = 42 hours

Total pay for the week = $545.28

Rate of pay:

Straight time  =  Hourly rate

Overtime = Hourly rate x 2

Total hours paid = Straight time + 2 of Overtime = 36 + 12 = 48 hours

Hourly rate = $545.28/48 = $11.36

Therefore, Straight time pay = 36 x $11.36 = $408.96

The educational gap widen became prevalent between baby boomers generation X

The difference in values and viewpoints between older and younger people is referred to as the generation gap. People from different generations frequently hold different beliefs and behaviors.

A generation gap is a difference between younger and older generations in terms of behaviors, viewpoints, and preferences.

There are numerous causes. Obstacles to girls' education include gender-based violence, child marriage, and poverty.

Learn more about the generation gap here:

https://brainly.com/question/19652556

#SPJ1

The answer to this question is that, given the diversity of developing countries, there could never be a single, unified theory of development.

This is because development theories must reflect the specific circumstances of the countries in which they are being applied. Developing countries are not all the same.

They have different levels of economic development, different resource endowments, and different political systems. For example, the needs of an oil-rich country in the Middle East will differ greatly from those of a sub-Saharan African country that is heavily dependent on agriculture.

This diversity means that no single theory of development can work for all developing countries. Developing countries are diverse in their historical backgrounds, cultures, social values, and political institutions. It is, therefore, impossible to come up with a single unified theory of development that will work for all countries. What works for one country may not work for another.

In addition, the global context is constantly changing, with new economic, social, and environmental challenges emerging all the time. This means that development theory must continue to evolve and adapt to meet these new challenges. In conclusion, given the diversity of developing countries, it is unlikely that a single, unified theory of development will ever emerge. Instead, development theory will continue to be shaped by the unique circumstances of individual countries and the changing global context.

Learn more about Developing countries from the given link

https://brainly.com/question/897719

#SPJ11

The order of functions of money, with the most important function listed first, is:

1. Means of payment

2. Store of value

3. Unit of account

Money serves various functions in an economy . The most important function is being a means of payment, which allows for transactions and facilitates the exchange of goods and services. Without this function, the entire economic system would be hindered.

The second function is being a store of value. Money acts as a store of wealth and can be held for future use. This function allows individuals to save and accumulate assets in a stable form.

Lastly, money functions as a unit of account. It provides a common standard for measuring and comparing the value of goods and services. This function allows for efficient price determination, accounting, and economic analysis.

The other s mentioned in the question are not in the  order. "Means of payment; store of value; unit of account" is in because the store of value function is listed before the unit of account. "Means of payment; form of credit; unit of account" is in as it includes the form of credit, which is not one of the primary functions of money.

Learn more about economy here:

https://brainly.com/question/30131108

#SPJ11

Interest rates affect the performance of several assets. These include cash, stocks, 401K, 529, and Certificate of Deposit. The impact on the performance of these assets varies over time and across industries.

Here is how interest rates impact each of these assets: Cash: Cash is negatively impacted by low-interest rates. When the interest rates are low, the returns on cash deposits are also low. Thus, the money loses value over time due to inflation. On the other hand, when the interest rates are high, the returns on cash deposits are also high. So, people tend to hold onto cash and earn interest.Stocks: Interest rates affect stocks in several ways. When interest rates are low, the cost of borrowing is also low. This encourages businesses to borrow and invest in growth opportunities. This leads to higher stock prices.

Conversely, when interest rates are high, the cost of borrowing is high, which leads to lower investment and slower growth. This results in lower stock prices.401K: Interest rates have a direct impact on the performance of 401K. As interest rates rise, the value of bonds in the 401K portfolio falls. This happens because the bond prices move inversely with the interest rates. Conversely, when interest rates fall, the value of bonds in the 401K portfolio rises.529: 529 is an education savings plan. The interest rates impact the performance of this asset. When interest rates are high, the returns on 529 savings plans are also high. Conversely, when interest rates are low, the returns on 529 savings plans are also low.

Certificate of Deposit (CD): CD's are fixed-income investments. They are directly impacted by interest rates. When the interest rates are high, the CD's offer a higher rate of return. Conversely, when interest rates are low, the CD's offer a lower rate of return. The variation across industries depends on how the specific industry is affected by interest rates. Some industries are more interest rate-sensitive than others. For example, real estate is more sensitive to interest rates. When interest rates rise, the cost of borrowing for real estate also rises. This leads to a decline in real estate prices. On the other hand, when interest rates fall, the cost of borrowing for real estate also falls. This leads to an increase in real estate prices.

Learn more about Interest rate:

brainly.com/question/25720319

#SPJ11

Answer:

"Supervisory body" is the right approach.

Explanation:

Answer:

If inspections and licenses are required, then the role of government being represented is a supervisory body.

Explanation:

Edge 2021-2022

Friedman and Phelps argued that (b) there was neither a short-run nor long-run tradeoff between inflation and unemployment.

Their argument, known as the natural rate hypothesis, stated that in the long run, there is a natural or equilibrium rate of unemployment determined by non-monetary factors such as labor market dynamics, technology, and institutional factors. Any attempt to lower unemployment through expansionary policies, such as increasing aggregate demand or monetary growth, would only result in temporary reductions and ultimately lead to higher inflation.

According to Friedman and Phelps, while there might exist a short-run tradeoff between inflation and unemployment due to nominal wage rigidities or other factors, this relationship is not sustainable in the long run. They emphasized that individuals and firms adjust their expectations and behaviors based on past experiences and anticipated future conditions, making it difficult to exploit the Phillips curve tradeoff over time.

Therefore, the correct answer is (b) that there was neither a short-run nor long-run tradeoff between inflation and unemployment according to Friedman and Phelps.

To know more about unemployment please visit:

https://brainly.com/question/17272067

#SPJ11

Answer:

From the graph, if you invest 10% in bonds and 90% in stocks,  the range of potential return is given as +49.8% to -39.0% with a average of 9.9% whereas if investment is  made by 10% in stocks and 90% in bonds, then the range of annual returns would become +31.2% to -8.2% with a average of 6%.  Therefore, as the investment in stocks increases the average annual returns also increase.

Explanation:

Hope this helps!

Kendrick, who bases his car-buying decision on personal experience rather than global brand name, represents a type of world citizen known as: global agnostics.

A global agnostic is a person who is impartial and not swayed by international brands, cultural stereotypes, or nationality. They tend to have open-minded, unbiased attitudes and prioritize individual experiences and facts over preconceived notions of national or cultural identity.

Global agnostics are a type of world citizen who transcends national, cultural, and ethnic boundaries. They prefer to judge a person, product, or service based on their experience and facts, rather than preconceived notions of nationality or culture.

They are inclined to favor empirical evidence, social connections, and cultural diversity over broad-based brand affiliations, cultural identity, and regional ties.

Global agnostics are those individuals who prefer to have global connections without being influenced by national borders or cultural boundaries. They tend to have a broader perspective of the world and avoid limiting themselves by culture or nationality.

To know more about global agnostics, refer here:

https://brainly.com/question/13226807#

#SPJ11

Answer:

diligent I guess

Explanation:

i don't know just putting a word that sounds *smart*

Answer:

Explanation:

Open another photography studio that specializes in wedding photography.

Open a photography studio that offers a wider range of services, such as portrait photography, event photography, and commercial photography.

Take a break from photography and explore other career options before deciding on your next steps.

Based on the information provided, it is not clear which of the above scenarios would be the best option for you. Each of these scenarios has its own advantages and disadvantages, and the right choice for you will depend on your personal goals, interests, and circumstances. For example, if you are passionate about wedding photography and believe that your previous studio failed due to external factors, then opening another studio that specializes in wedding photography may be a good option for you. On the other hand, if you believe that your studio failed because the market for wedding photography is saturated or because your services were not competitive, then expanding your portfolio to offer a wider range of services may be a better option. Alternatively, taking a break from photography and exploring other career options may allow you to gain new skills and experiences that can help you in your future endeavors.

Answer:

Preservation of value

Explanation:

One of the advantages of money over trade by barter or any other moneyless transaction is the time value of money.

Time value of money can be explained as the ability of money to preserve its value and even increase in nearest future due to its potential earning capacity.

It can be inferred from the given scenario that the purples fabrics has lost a significant value due to the surplus of supply in the market place as it could no longer achieve the original worth.

Answer:

A) Preservation of value!

Explanation:

This means preserving a value, the cost of things at one point and another, you want to preserve that value in order to get the most out of your payment.