The Athens store of Family Mart, a chain of small neighborhood convenience stores, is preparing its activity-based budget for January 2021. Family Mart has three product categories: soft drinks (35% of cost of goods sold [COGS]), fresh produce (25% of COGS), and packaged food (40% of COGS). The following table shows the four activities that consume indirect resources at the Athens store, the cost drivers and their rates, and the cost-driver amount budgeted to be consumed by each activity in January 2021. (Click the icon to view the activity and cost-driver information.) Read the requirements. Requirement 1. What is the total budgeted indirect cost at the Athens store in January 2021? What is the total budgeted cost of each activity at the Athens store for January 2021? What is the budgeted indirect cost of each product category for January 2021? Complete the following table to determine the total budgeted indirect cost, total budgeted cost of each activity, and budgeted indirect cost of each product category for January 2021. (Round the percentages to the nearest hundredth percent, X.XX%.) Soft Drinks Fresh Snacks Packaged Food Total Ordering Delivery Shelf-stocking Customer support Total costs Percentage of total indirect costs % Requirement 2. Which product category has the largest fraction of total budgeted indirect costs? consumes the largest fraction of total budgeted indirect costs. Requirement 3. Given your answer in requirement 2, what advantage does Family Mart gain by using an activity-based approach to budgeting over, say, allocating indirect costs to products based on cost of goods sold? An activity-based approach recognizes how different products require By recognizing this, Family Mart managers are better able to budget for of individual product-line items sold. Data table January 2021 Budgeted January 2021 Budgeted Amount of Cost Driver Used Cost-Driver Soft Fresh Packaged Activity Ordering Delivery Shelf-stocking Cost Driver Number of purchase orders Rate Drinks Snacks Food 95 13 26 13 Number of deliveries 78 12 64 24 Hours of stocking time 69 16.00 17 172 92 Customer support Number of items sold $ 0.20 4,100 34,400 10,800 Print Done