Hello, could you please guide me on how to find the answers in the fill-in-blanks. Thank you. Smith Restaurants operates 3 locations. Overhead is split between the 3 three restaurants based on square footage: A has 10,000 sqft, B has 12,000 sq ft, and C has 14,000 sq ft. Overhead is composed of rent and insurance: $300,000; advertising: $240,000;corporate accounting and services: $180,000.What would the using square footage? $would be charged $per square foot and A would be charged $and C would be charged $for a total of $720,000.Analysis showed that the overhead costs had different drivers. The chart below shows this information:costdriverRestaurant ARestaurant BRestaurant C12,000$750,0001214,000$1,250,00018rent & insurancesquare footage10,000advertisingcorp accountingrevenues$1,000,000# of employees15Using this information, the rate to spread the rent and insurance cost is $per sq foot; for advertising it is $per dollar of revenue and $per employee for corp accounting.

Restaurant Square footage Revenues # of employees A 10000 1,000,000 15 B 12000 750,000 12…

Smith Restaurants operates 3 locations. Overhead is split between the 3 three restaurants based on square footage: A has 10,000 sq ft, B has 12,000 sq ft, and C has 14,000 sq ft. Overhead is composed of rent and insurance: $300,000; advertising: $240,000; corporate accounting and services: $180,000. What would the using square footage? $ would be charged $ per square foot and A would be charged $ B and C would be charged $ for a total of $720,000. Analysis showed that the overhead costs had different drivers. The chart below shows this information: cost rent & insurance advertising corp accounting driver Restaurant B 12,000 $750,000 12 Restaurant C 14,000 $1,250,000 18 Restaurant A square footage revenues 10,000 $1,000,000 # of employees 15 Using this information, the rate to spread the rent and insurance cost is $ per sq foot; for advertising it is $ per dollar of revenue and $ per employee for corp accounting.

Smith Restaurants operates 3 locations. Overhead is split between the 3 three restaurants based on square footage: A has 10,000 sq ft, B has 12,000 sq ft, and C has 14,000 sq ft. Overhead is composed of rent and insurance: $300,000; advertising: $240,000; corporate accounting and services: $180,000. What would the using square footage? $ would be charged $ per square foot and A would be charged $ B and C would be charged $ for a total of $720,000. Analysis showed that the overhead costs had different drivers. The chart below shows this information: cost rent & insurance advertising corp accounting driver Restaurant B 12,000 $750,000 12 Restaurant C 14,000 $1,250,000 18 Restaurant A square footage revenues 10,000 $1,000,000 # of employees 15 Using this information, the rate to spread the rent and insurance cost is $ per sq foot; for advertising it is $ per dollar of revenue and $ per employee for corp accounting.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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