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Question - Cindy's Restaurant has three sales revenue departments with direct costs and average monthly figures given in the following information:
Departments
Dining
Banquets
Beverages
Sales revenue
$204,000
S I 10,000
592,000
Cost of sales
81,600
41,800
29.440
Wages and salaries cost
65.280
35.200
12.880
Other direct costs
18,360
8.800
1.840
The restaurant also has the following indirect, undistributed costs:
Administrative and general expenses
512.000
Marketing expenses
10.000
Utilities expense
5.000
Property operation and maintenance
12.120
Depreciation expense
14.000
Insurance expense
4,000
a. Prepare a consolidated departmental contributory income statement showing each of the three divisions side by side for comparison. Do not allocate indirect costs.
b. Allocate the indirect costs to the divisions and prepare a departmental income statement showing each of the three divisions side by side for comparison. Administrative, general, and marketing costs are allocated based on sales revenue. The remaining indirect costs are allocated based on square footage used by each division: Round all percentage calculations to a whole percentage.
Dining 2.400 sq. ft. Banquet 3.000. sq. ft. Beverage 600 sq. ft.
c. Alter allocating the indirect costs. would you consider closing any of the divisions? Why or why not?
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