Homework: Chapter 5 Score: 0 of 3 pts 3 of 7 (4 complete) HW Score: 58 33%, 7 of 12 pts E5-27 (similar to) Question Help 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 activitarea usage of the three product lines are as follows: (Click the icon to view the information for the three product lines) Requirements 1. Use the simple costing system to prepare a product line profitability report for GS 2. Use the ABC system to prepare a product-line profitability report for GS 3. What new insights does the ABC system in requirement 2 provide to GS managers? Requirement 1. Use the simple costing system to prepare a product-line profitability report for GS. (Round the percentages to the nearest hundredth percent, X7036 Milk and Frozen Products Total Revenues Costs Cost of goods sold Store support Total costs Operating income Operating income/Revenues Enter any number in the edit fields and then click Check Answer Final Check Clear All parts 2 remaining perates at capacity and decides to apply ABC analysis to three product lines: baked goods, milk and fruit juice, eir activity cost rates as follows: act d, Data Table info X Troduct lin yste rep Milk and Fruit Juice Frozen Products Baked Goods the arest hu ple Financial data Revenues 59,000 $ 65,500 $ 50,000 Cost of goods sold 38,000 $ 47,000 $ 35,000 Store support 11,400 $ 14,100 $ 10,500 Activity area usage (cost-allocation base) Ordering (purchase orders) Delivery (deliveries) Shelf-stocking (hours) 166 Customer support (items sold) 15,500 20,500 | 7.900 Under its simple costing system, GS allocated support costs to products at the rate of 30% of cost of goods sold. Print Done dit fields and then click Check Answer Clear All Homework: Chapter 5 Score: 0 of 3 pts 3 of 7 (4 complete) HW Score: 58 33%, 7 of 12 pts E5-27 (similar to) Question Help 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 activitarea usage of the three product lines are as follows: (Click the icon to view the information for the three product lines) Requirements 1. Use the simple costing system to prepare a product line profitability report for GS 2. Use the ABC system to prepare a product-line profitability report for GS 3. What new insights does the ABC system in requirement 2 provide to GS managers? Requirement 1. Use the simple costing system to prepare a product-line profitability report for GS. (Round the percentages to the nearest hundredth percent, X7036 Milk and Frozen Products Total Revenues Costs Cost of goods sold Store support Total costs Operating income Operating income/Revenues Enter any number in the edit fields and then click Check Answer Final Check Clear All parts 2 remaining perates at capacity and decides to apply ABC analysis to three product lines: baked goods, milk and fruit juice, eir activity cost rates as follows: act d, Data Table info X Troduct lin yste rep Milk and Fruit Juice Frozen Products Baked Goods the arest hu ple Financial data Revenues 59,000 $ 65,500 $ 50,000 Cost of goods sold 38,000 $ 47,000 $ 35,000 Store support 11,400 $ 14,100 $ 10,500 Activity area usage (cost-allocation base) Ordering (purchase orders) Delivery (deliveries) Shelf-stocking (hours) 166 Customer support (items sold) 15,500 20,500 | 7.900 Under its simple costing system, GS allocated support costs to products at the rate of 30% of cost of goods sold. Print Done dit fields and then click Check Answer Clear All