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Complete this question by entering your answers in the tabs below. Prepare a product-line profitability report for SFS under the current costing system. (Loss amounts

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Complete this question by entering your answers in the tabs below. Prepare a product-line profitability report for SFS under the current costing system. (Loss amounts should be indicated by a minus sign. Round operating margin (loss) to 2 decimal places (1.e. 0.2134 should be entered as 21.34% ). ) Supermart Food Stores (SFS) has experienced net operating losses in its frozen food products line in the last few periods Management belicves that the store can improve its profitablity if SFS discontinues frozen foods. The operating results from the most recent period are: SFS estimates that store support expenses, in total, are approximately 24% of revenues. The controller says that not every sales dolat requires or uses the same amount of store support activities. A preliminary amalysis reveals store support activities for these three product lines aie: The controller estimates activity cost rates for each activity as follows: Required: 1. Prepare a product-line profitability repont for SFS under the current costing system. 2. Prepare a product fine profitability report for SFS using the ABC information the controller provides. Complete this question by entering your answers in the tabs below. Prepare a product-line profitability report for SFS using the ABC information the controller provides. (Loss amounts shouid be indicated by a minus sign. Round operating margin (loss) to 2 decimal places (i.e. 0.2134 should be entered as 21.34% ). Round all other answers to nearest whole dollar.)

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