question 1 question 2 I only received partial credit...

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Larner Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system contains the following six activity cost pools and activity rates: Activity Cost Pool Labor-related Machine-related Machine setups Production orders Shipments Generat factory Activity Rates $ 7.00 per direct labor-hour $ 3.00 per machine-hour $ 40.00 per setup $ 160.00 per order $ 120.00 per shipment $ 4.00 per direct labor-hour Cost and activity data have been supplied for the following products: Direct materials cost per unit Direct labor cost per unit Number of units produced per year $ 378 6.50 3.75 4,000 B52 $ 31.ee $ 6.00 100 Total Expected Retiuit Next ps%253A%252F%252Fnewconnect.mheducation.com%2.. Saved Help You received no credit for this question in the previous attempt. Save & Exit Submit View previous attempt Direct materials cost per unit Direct labor cost per unit Number of units produced per year 378 6.50 $ 3.75 4,000 B52 $ 31.00 $ 6.00 100 Direct labor-hours Machine-hours Machine setups Production orders Shipments Total Expected Activity 378 B52 1,000 40 3,200 30 5 1 5 1 10 1 Required: Compute the unit product cost of each product listed above (Do not round intermediate calculations. Round your answers to 2 decimal places.) J78 B52 Unit product cost T Prev 1 of 4 Next > 11:56 PM View previous attem sino'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 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 cost Total activity Serving a Party $32,800 8,000 parties Serving a Diner $211,200 32,000 diners Serving Drinks $69,600 58,000 drinks Total $313,600 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 $313.600 and that 32,000 diners had been served. Therefore, the average cost per diner was $9.80 ($313,600 32,000 diners = $9.80 per diner). View previous ats 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 $313,600 and that 32,000 diners had been served. Therefore, the average cost per diner was $9.80 ($313,600 - 32,000 diners = $9.80 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. Complete this question by entering your answers in the tabs below. Required I Required 2 Required 3 Compute the activity rates for each of the three activities. (Round your answers to 2 decimal places.) Cost per Unit of Activity $ Serving a Party Serving a Diner Serving Drinks $ 4.10 per party 6.60 per diner 1.20 per drink $ Required Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 According to the activity-based costing system, what is the total cost of serving each of the following diners? (Round your intermediate calculations and final answers to 2 decimal places.) a. Total 3.60 $ b. A party of four diners who order three drinks in total A party of two diners who do not order any drinks A lone diner who orders two drinks $ 13.20 2.40 C. $ -UudunCTION-TILS70255A%252F%252Ffewconn Linneducation Saved Help S. You received partial credit in the previous attempt. View b. A party of two diners who do not order any drinks. C. A lone diner who orders two drinks. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 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? (Round your intermediate calculations and final answers to 2 decimal places.) Average Cost per diner 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 per diner per diner

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