Score: 0 of 3 pts 3 of 7 (5 complete) HW Score: 59.17%, 71 of 12 E5-27 (similar to) Question Help Granger Supermarkets (GS) operates al 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, actes that account for the store support costs and activitatea usage of the three product lines are as follows Chick the icon to view the information for the three product lines) Requirements 1. Use the simple couting 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 dous the ABC system in requirement 2 provide to GS managers centage to the nearest hundredth percent. XX ) Requirement 1. Use the simple costing system to prepare produ-line profitability report for GS (Round the Milk and Frozen Baked Goods Fruit Juice Products 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 ne act old, i Data Table e info roduc syste prep the ple arest 35,000 Milk and Frozen Baked Goods Fruit Juice Products Financial data Revenues 59,000 $ 65,500 $ 50,000 Cost of goods sold 38,000 $ 47,000 $ Store support 11 400 $ 14,100 $ 10,500 Activity-area usage (cost-allocation base) Ordering (purchase orders) Delivery (deliveries) Shelf-stocking (hours) 183 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 elds and then click Check