Cost Accounting 1 problem below.

Thnxs in advance

5-24 ABC, retail product-line profitability. Family Supermarkets (FS) operates at capacity and decides to apply ABC amalysis to timee product times. baked goods, milk and fruit juice, and frozen foods. It identifies four activities and their activity cost rates as follows: The revenues, cost of goods sold, store support costs, the activities that account for the store support costs, and activity-area usage of the three product lines are as follows: CHAPTER 5 ACTIMTY-BASED COSTING AND ACTIMTY-BASED MANAGEMENT Under its simple costing system, FS allocated support costs to products at the rate of 30% of cost of goods sold. 1. Use the simple costing system to prepare a product-line profitability report for FS. 2. Use the ABC system to prepare a product-line profitability report for FS. 3. What new insights does the ABC system in requirement 2 provide to FS managers