Question 15.1The following information relates to Leisure Zone Ltd for the year ended 31 December.The Company uses a departmental accounting system which reports monthly accounts on itsthree departments - cinema, restaurants and bowlingInventory as at 1 JanuarySalesPurchasesWages and payrollRepairs and maintenanceInventory as at 31 DecemberDepreciationCanteen costsCinema$ ('000)Other expenses not directly associated any departmentRentLight and heatInsuranceAdministration and accountingPersonnelHead office costsGeneral expenses1002,1001,0502005080The floor area and number of employees are as followsFloor area (square meters)Number of employeesIt is company policy to apportion expenses that cannot be attributed to any particular departmentas follows:Floor area-rent, light and heat and insuranceTurnover - general expenses head office costs and depreciationNumber of employees - administration and accounting, canteen and personnelCinemaRestaurant$ ('000)5,00020Requireda) Prepare departmental accounts for each department based on the net profit method1203,0001,20015040105Restaurant6,00015Bowling$ ('000)801200700130206580015020080200120501020Bowling4,0005

When all the works of company are performed by different departments in the company itself, then it…

Question 15.1 The following information relates to Leisure Zone Ltd for the year ended 31 December. The Company uses a departmental accounting system which reports monthly accounts on its three departments - cinema, restaurants and bowling Inventory as at 1 January Sales Purchases Wages and payroll Repairs and maintenance Inventory as at 31 December Cinema $ ('000) Depreciation Canteen costs 100 2,100 1,050 200 50 80 Other expenses not directly associated any department Rent Light and heat Insurance Administration and accounting Personnel Head office costs General expenses Restaurant $ ('000) 120 3,000 1,200 150 40 105 Bowling $ ('000) 80 1200 700 130 20 65 800 150 200 80 200 120 50 10 20

Question 15.1 The following information relates to Leisure Zone Ltd for the year ended 31 December. The Company uses a departmental accounting system which reports monthly accounts on its three departments - cinema, restaurants and bowling Inventory as at 1 January Sales Purchases Wages and payroll Repairs and maintenance Inventory as at 31 December Cinema $ ('000) Depreciation Canteen costs 100 2,100 1,050 200 50 80 Other expenses not directly associated any department Rent Light and heat Insurance Administration and accounting Personnel Head office costs General expenses Restaurant $ ('000) 120 3,000 1,200 150 40 105 Bowling $ ('000) 80 1200 700 130 20 65 800 150 200 80 200 120 50 10 20

Financial & Managerial Accounting

13th Edition

ISBN:9781285866307

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter23: Performance Evaluation For Decentralized Operations

Section: Chapter Questions

Problem 23.9EX

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