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Family Supermarkets has decided to increase the size of its Lansing store. It wants information about the profitability of its individual product lines: meats,

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Family Supermarkets has decided to increase the size of its Lansing store. It wants information about the profitability of its individual product lines: meats, fresh produce, and packaged food. The following data is for 2021 for each product line: Revenue Cost of goods sold purchase orders hours of stocking shelves items sold The Company also provides the following information for 2021 for its three support activities: Support Activity Ordering. Shelf stocking Customer support Meats Fresh Produce $820,000 $620,000 $850,000 Packaged Foods $480,000 $610,000 $360,000 266 312 129 224 2,045 1,138 311,000 455,000 113,000 Budgeted Cost $128,000 $52,000 Cost Driver purchase orders $159,000 hours of stocking shelves items sold REQUIRED [ROUND ALL OVERHEAD RATES TO TWO DECIMAL PLACES AND ALL ALLOCATIONS TO THE NEAREST DOLLAR.] Part A (5 tries; 5 points). Family Supermarkets currently uses a single-driver system to allocate period costs to its product lines. The single driver that is used is the Cost of Goods Sold for each product line. Using this system, compute the allocation to Fresh Produce. Submit Answer Tries 0/5 Part B (5 tries; 5 points) If Family Supermarkets instead used an activity-based costing system to allocate period costs, with the cost pools and cost drivers listed in the tables above, how much would be allocated to Packaged Foods? Submit Answer Tries 0/5

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