The Milton store of Fitzgerald's Store, a chain of small neighborhood convenience stores, is preparing its activity-based budget for January 2018. Fitzgerald's Store 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 Milton store, the cost drivers and their rates, and the cost-driver amount budgeted to be consumed by each activity in January 2018. F: (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 Milton store in January 2018? What is the total budgeted cost of each activity at the Milton 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%.) Soft Fresh Packaged Food Drinks Snacks Total Ordering Delivery Shelf-stocking Customer support Total costs Percentage of total indirect costs % % January 2018 Budgeted Cost-Driver Activity Cost Driver Rate Ordering Number of purchase orders $ 88 Delivery Number of deliveries $ 78 Shelf-stocking Hours of stocking time $ 20.00 Customer support Number of items sold $ 0.20 January 2018 Budgeted Amount of Cost Driver Used Soft Fresh Packaged Drinks Snacks Food 13 13 9 68 21 16 173 92 4,600 34,700 11,100 24 Print Done 1 Requirements 1. What is the total budgeted indirect cost at the Milton store in January 2018? What is the total budgeted cost of each activity at the Milton 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 Fitzgerald's Store gain by using an activity-based approach to budgeting over, say, allocating indirect costs to products based on cost of goods sold? Print Done