Activity and cost driver information January 2022 Budgeted Amount of Cost Driver Used January 2022 Budgeted Cost Driver Rate Fresh Produce Packaged Food Soft Drinks $ 94.00 12 27 12 Activity Cost Driver Ordering Number of purchase orders Delivery Number of deliveries Shelf-stocking Hours of stocking time Customer support Number of items sold $ 85.00 15 67 24 $ 24.00 18 179 92 $ 0.23 4,300 34,300 10,800 The Parksville location of Henderson Mart (HM), a chain of small neighbourhood grocery stores, is preparing its activity-based budget for January 2022. HM has three product categories: soft drinks, fresh produce, and packaged food. The following table shows the four activities that consume indirect resources at the Parksville store, the cost drivers and their rates, and the cost driver amount budgeted to be consumed by each activity in January 2022. B Click the icon to view the activity and cost driver information.) Required 1. What is the total budgeted indirect cost at the Parksville store in January 2022? What is the total budgeted cost of each activity at the Parksville store for January 2022? What is the budgeted indirect cost of each product category for January 2022? 2. Which product category has the largest fraction of total budgeted indirect costs? 3. Given your answer in requirement 2, what advantage does HM gain by using an activity-based approach to budgeting over, say, allocating indirect costs to products based on cost of goods sold? Requirement 1. What is the total budgeted indirect cost at the Parksville store in January 2022? What is the total budgeted cost of each activity at the Parksville store for January 2022? What is the budgeted indirect cost of each product category for January 2022? Complete the following table to determine the total budgeted indirect cost, total budgeted cost of each activity, and budgeted indirect cost of each product category for January 2022. (Round the percentages to the nearest hundredth percent, X.XX%.) Fresh Packaged Soft Drinks Produce Food Total Ordering Delivery Shelf-stocking Customer support Total costs Percentage of total indirect costs % % %