Hi! If someone could please guide me through how to do parts A and B I would be SO appreciative. Accounting is really not my forte. Thank you in advance!

1. Read the problem and question carefully to determine the cost driver 2. Compute the "overhead" rate budgeted operating costs/budgeted driver for all product lines. 3. Allocate to the specific product line; overhead rate X driver for the specific product line. Remember that with activity-based costing (Part B), there is more than one driver and more than one rate, and the allocation to a product line is the sum of several individual allocations. Each part of the problem is worth five points, and you get five tries per part. 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 the year 2017 for each product line: Revenue Cost of goods sold purchase orders hours of stocking shelves items sold Meats $815,000 $615,000o 274 211 325,000 Fresh Produce 850,000 $610,000 312 2,132 455,000 Packaged Foods $470,000 $350,000 142 1,032 120,000 The Company also provides the following information for 2017 for its three support activities Support Activity Ordering Shelf stocking Customer support Budgeted Cost $127,000 $72,000 $154,000 Cost Driver purchase orders 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 Packaged Foods. Subm t 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 Meats