Fitzgerald Supermarkets (FS) operates at capacity and decides to apply ABC analysis to three product lines: baked goods, milk and fruit juice, and frozen foods. It identifies four activities and their activity cost rates as follows: (Click the icon to view the activity cost rates.) The revenues, cost of goods sold, store support costs, activities that account for the store support costs, and activity-area usage of the three product lines are as follows: 5 Click the icon to view the information for the three product lines.) Read the requirements. ..... Requirement 1. Use the simple costing system to prepare a product-line profitability report for FS. (Round the percentages to the nearest hundredth percent, X.XX%.) Milk and Frozen Baked Goods 60000 Fruit Juice 66500 Products 50500 Total 177000 Revenues Costs Cost of goods sold 41000 510001 32000 9600 124000 37200 12300 153001 Store support Total costs 53300 663001 41600 161200 6700 2001 8900 15800 Operating income Operating income/Revenues % % % Fitzgerald Supermarkets (FS) operates at capacity and decides to apply ABC analysis to three product lines: baked goods, milk and fruit juice, and frozen foods. It identifies four activities and their activity cost rates as follows: (Click the icon to view the activity cost rates.) The revenues, cost of goods sold, store support costs, activities that account for the store support costs, and activity-area usage of the three product lines are as follows: (Click the icon to view the information for the three product lines.) Read the requirements. Requirement 1. Use the simple costing system to prepare a Data Table M Fri Baked Goods 60000 Revenues Costs Cost of goods sold 41000 12300 Store support 9,600 Total costs 53300 Milk and Frozen Baked Goods Fruit Juice Products Financial data Revenues S 60,000 $ 66,500 $ 50,500 Cost of goods sold $ 41,000 S 51,000 $ 32,000 Store support $ 12,300 S 15,300 $ Activity area usage (cost-allocation base) Ordering (purchase orders) 44 24 14 Delivery (deliveries) 120 60 36 Shelf stocking (hours) 170 150 20 Customer support (items sold) 15,400 20,200 7,960 Under its simple costing system, FS allocated support costs to products at the rate of 30% of cost of goods sold. 6700 Operating income Operating income/Revenues % Help Me Solve This e Text Pages Get Clear All Check Answer Print Done Fitzgerald Supermarkets (FS) operates at capacity and decides to apply ABC analysis to three product lines: baked goods, milk and fruit juice, and frozen foods. It identifies four activities and their activity cost rates as follows: i (Click the icon to view the activity cost rates.) The revenues, cost of goods sold, store support costs, activities that account for the store support costs, and activity-area usage of the three product lines are as follows: (Click the icon to view the information for the three product lines.) Read the requirements. - Requirement 1. Use the simple costing system to prepare a Data Table M Fri -X Baked Goods 60000 Requirements Revenues Costs Cost of goods sold 41000 12300 Store support 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? 53300 Total costs 6700 Operating income Operating income/Revenues % Print Done Help Me Solve This e Text Pages Get 30% of cost of goods sold. Clear All Check Answer Print Done Fitzgerald Supermarkets (FS) operates at capacity and decides to apply ABC analysis to three product lines: baked goods, milk and fruit juice, and frozen foods. It identifies four activities and their activity cost rates as follows: (Click the icon to view the activity cost rates.) The revenues, cost of goods sold, store support costs, activities that account for the store support costs, and activity-area usage of the three product lines are as follows: 5 Click the icon to view the information for the three product lines.) Read the requirements. ..... Requirement 1. Use the simple costing system to prepare a product-line profitability report for FS. (Round the percentages to the nearest hundredth percent, X.XX%.) Milk and Frozen Baked Goods 60000 Fruit Juice 66500 Products 50500 Total 177000 Revenues Costs Cost of goods sold 41000 510001 32000 9600 124000 37200 12300 153001 Store support Total costs 53300 663001 41600 161200 6700 2001 8900 15800 Operating income Operating income/Revenues % % % Fitzgerald Supermarkets (FS) operates at capacity and decides to apply ABC analysis to three product lines: baked goods, milk and fruit juice, and frozen foods. It identifies four activities and their activity cost rates as follows: (Click the icon to view the activity cost rates.) The revenues, cost of goods sold, store support costs, activities that account for the store support costs, and activity-area usage of the three product lines are as follows: (Click the icon to view the information for the three product lines.) Read the requirements. Requirement 1. Use the simple costing system to prepare a Data Table M Fri Baked Goods 60000 Revenues Costs Cost of goods sold 41000 12300 Store support 9,600 Total costs 53300 Milk and Frozen Baked Goods Fruit Juice Products Financial data Revenues S 60,000 $ 66,500 $ 50,500 Cost of goods sold $ 41,000 S 51,000 $ 32,000 Store support $ 12,300 S 15,300 $ Activity area usage (cost-allocation base) Ordering (purchase orders) 44 24 14 Delivery (deliveries) 120 60 36 Shelf stocking (hours) 170 150 20 Customer support (items sold) 15,400 20,200 7,960 Under its simple costing system, FS allocated support costs to products at the rate of 30% of cost of goods sold. 6700 Operating income Operating income/Revenues % Help Me Solve This e Text Pages Get Clear All Check Answer Print Done Fitzgerald Supermarkets (FS) operates at capacity and decides to apply ABC analysis to three product lines: baked goods, milk and fruit juice, and frozen foods. It identifies four activities and their activity cost rates as follows: i (Click the icon to view the activity cost rates.) The revenues, cost of goods sold, store support costs, activities that account for the store support costs, and activity-area usage of the three product lines are as follows: (Click the icon to view the information for the three product lines.) Read the requirements. - Requirement 1. Use the simple costing system to prepare a Data Table M Fri -X Baked Goods 60000 Requirements Revenues Costs Cost of goods sold 41000 12300 Store support 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? 53300 Total costs 6700 Operating income Operating income/Revenues % Print Done Help Me Solve This e Text Pages Get 30% of cost of goods sold. Clear All Check Answer Print Done