Granger Supermarkets (GS) 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 product-line profitability report for GS. (Round the percentages to the nearest hundredth percent, X.XX%.) Revenues Costs Cost of goods sold Store support Total costs Operating income Baked Goods Milk and Fruit Juice Frozen Products Total $ 58,000 $ 67,000 $ 52,500 $ 177,500 37,000 45,000 36,000 118,000 11,100 ,800 35,400 Question Viewer 48,100 58,500 46,800 153,400 $ 9,900 $ 8,500 $ 5,700 $ 24,100 17.07 % 12.69 % 10.86 % 13.58 % Operating income/Revenues Denuiramant 2 len the ADC evetom to renare a product line nenfitability ronor for GS Dound the namant in th Data table Financial data Revenues Cost of goods sold Store support Activity-area usage (cost-allocation base) Ordering (purchase orders) Delivery (deliveries) Shelf-stocking (hours) Customer support (items sold) 69 - B ra OS Milk and Baked Goods Fruit Juice Frozen Products 58,000 $ 67,000 $ 52,500 37,000 $ 45,000 $ 36,000 11,100 $ 13,500 $ 10,800 or 35 30 20 85 45 175 155 25 222 30 ota 17 12,000 16,000 7,000 Under its simple costing system, GS allocated support costs to products at the rate of 30% of cost of goods sold. Print Done 118 35 153 24 58 Granger Supermarkets (GS) operates at capacity and decides to apply ABC analysis to three product l goods, milk and fruit juice, and frozen foods. It identifies four activities and their activity cost rates as foll (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 act the three product lines are as follows: (Click the icon to view the information for the three product lines.) Read the requirements. Revenues Costs Cost of goods sold Ordering Delivery Shelf-stocking Customer support Total costs Operating income Operating income/Revenues Milk and Frozen Baked Goods Fruit Juice Products Total % % % %