More info 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? 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 cos 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. Data table Under its simple costing system, FS allocated support costs to products at the rate of 30% of cost of goods sold