The Athens store of Family Mart, a chain of small neighborhood convenience stores, is preparing its activity-based budget for January 2018. 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 2018. (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 2018? What is the total budgeted cost of each activity at the Athens store for January 2018? What is the budgeted indirect cost of each product category for January 2018? 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 2018. (Round the percentages to the nearest hundredth percent, X.XX%.) Ordering Delivery Shelf-stocking Customer support Total costs Percentage of total indirect costs Soft Fresh Packaged Drinks Snacks Food Total % % % Requirements - Data table 1. What is the total budgeted indirect cost at the Athens store in January 2018? What is the total budgeted cost of each activity at the Athens store for January 2018? What is the budgeted indirect cost of each product category for January 2018? 2. Which product category has the largest fraction of total budgeted indirect costs? 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? Ordering Delivery Shelf-stocking Customer support Total costs Print Done January 2018 January 2018 Budgeted Budgeted Cost-Driver Amount of Cost Driver Used Activity Cost Driver Rate Soft Drinks Fresh Packaged Snacks Food Number of purchase orders $ 92 12 29 12 Number of deliveries $ 82 9 64 24 Customer support Hours of stocking time Number of items sold 18.00 22 179 97 $ 0.19 4,500 34,700 11,000 Print Done -