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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
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. following data is for 2019 for each product line: Meats Fresh Produce Packaged Foods Revenue $820,000 $845,000 $465,000 Cost of goods sold $620,000 $605,000 $345,000 purchase orders 242 316 138 hours of stocking shelves 228 2,113 1,142 items sold 316,000 440,000 126,000 The Company also provides the following information for 2019 for its three support activities: Cost Driver Support Activity Ordering Shelf stocking Customer support Budgeted Cost $124,000 $76,000 purchase orders hours of stocking shelves items sold $184,000 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 Meats. Incorrect Submit Answer Incorrect. Tries 3/5 Previous Tries 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
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