markets (GS) operates at capacityi , and roen foos con to view the activity cost rates) gas loe support ca C Table g system to prepare a productine Use the ABC sustem to pepre a nou y pon to 5 s does the ABC in requirement 2 Ma and Froam e a productline ne profitabilin report for Gr e percentages to e nearest hundredth percent Milk and Frozen Baked Goods Prult Jus Products 4.000 Total Cost of goods sold Store support More Info Granger Supermarkets (GS) operates at capacity and decides to apply ABC (Click the icon to view the activity cost rates.) 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: account for the store support costs and activily- -area usage of the three product t ines are as follows The revenues, cost of goods sold, store support costs, activities that (Click the icon to view the information for the three More Info product lines.) Requirements report for GS. Use the simple costing system to prepare a product-line Use the ABC system to prepare a product-line profitability report for GS. What new insights does the ABC system in requirement 2 provide to GS managers? profitability Ordering Delivery Shelf-stocking Customer support and assistance 2. $96 per purchase order $75 per delivery 3. and receipt of merchandise $24 per hour $0.16 per item: sold 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%) Milk and Frozen Print Done Baked Goods Fruit. Juice Products Total Revenues Costs X Data Table Cost of goods sold Store support Total costs Milk and Frozen Operating income Baked Goods Fruit Juice Products Operaling income/Revenues Financial data Revenues 58,500 64,000 $ 50.500 Cost of goods sold 35.000 $ 44,000 $ 31.000 Store support 10,500 13,200 $ 9.300 Activity-area usage (cost-allocation base) Ordering (purchase orders) 30 25 10 Delivery (deliveries) 96 26 Shelf-stocking (hours) 185 165 25 Customer support (items sold) 11,000 17,000 8.000 Under its simple costing system, GS allocated 30% of cost of goods support costs to products at the rate of sold. Enter any number in the edit fields and then click Check Answer. parts Check Answer Drint Done