Please answer requirement 2 and 3. Req. 1 is already completed.

Homework: Chapter 5 Homework (Required) Score: 0.28 of 1 pt 5 of 6 (6 complete) HW Score: 78.97%, 4.74 016 pts (%) E5-27 (similar to) EQuestion Help 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 soild, store support coets, activities that account for the store support costs, and activity-area usage of the three product ines EEB (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 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? More Info Delivery and receipt of merchandise Shelf stocking Customer support and assistance S105 per purchase order S84 per delivery S23 per hour S0.25 per item sold Data Table Milk and Frozen Baked GoodsFruit Juice Products Total PrintDone Costs Cost of goods sold Ordering Baked GoodsFruit JuiceProducts Financial data Cost of goods sold Store support 61,000 $ 64,000 $ 40,000 $ 49,000 $ 12,000 14 52,000 37,000 11,100 14,700 $ Customer support Total costs Operating income Activity-area usage (cost-allocation base) Ordering (purchase orders) Delivery (deliveries) Shelf-stocking (hours) Customer support (items sold) 27 105 160 14,000 18 35 130 18,500 12 30 30 8,200 Enter any number in the edit fields and then click Check Answer part remaining Under its simple costing system, FS allocated support costs to products at the rate of 30% of cost of goods sold. Clear