The Roxbury store of Granger Mart, a chain of small neighborhood convenience stores, is preparing its activity-based budget for January 2021. Granger 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 Roxbury store, the cost drivers and their rates, and the cost-driver amount budgeted to be consumed by each activity in January 2021. Eff(Click the icon to view the activity and cost-driver information.) Requirement 1. What is the total budgeted indirect cost at the Roxbury store in January 2021? What is the total budgeted cost of each activity at the Roxbury 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, XXX%.) Soft Fresh Packaged Drinks Snacks Food Total - X Requirements Ordering Delivery Shelf-stocking 1. What is the total budgeted indirect cost at the Roxbury store in January 2021? What is the total budgeted cost of each activity at the Roxbury store for January Customer support 2021? What is the budgeted indirect cost of each product category for January 2021? Total costs 2. Which product category has the largest fraction of total budgeted indirect Percentage of total indirect costs % % costs? . Given your answer in requirement 2, what advantage does Granger Mart gain Requirement 2. Which product category has the largest fraction of total budgeted indirect costs? by using an activity-based approach to budgeting over, say, allocating indirect costs to products based on cost of goods sold? consumes the largest fraction of total budgeted indirect costs. Requirement 3. Given your answer in requirement 2, what advantage does Granger Mart gain by using an activity-based approach to budgeting over, say, allocating An activity-based approach recognizes how different products require By recognizing this, Granger Mart managers are better Print DoneThe Roxbury store of Granger Mart, a chain of small neighborhood convenience stores, is preparing its activity-based budget for January 2021. Granger 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 Roxbury 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 Roxbury store in January 2021? What is the total budgeted cost of each activity at the Roxbury 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, XXX%.) Soft Fresh Packaged Drinks Snacks 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 Granger 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, Granger Mart managers are better able to budget for of individual product-line items sold.The Roxbury store of Granger Mart, a chain of small neighborhood convenience stores, is preparing its activity-based budget for January 2021. Granger 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 Roxbury 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. - X Data table Requirement 1. What is the total budgeted indirect cost at the Roxbury store in January 2021? What is the total budgeted co January 2021 January 2021 Budgeted Complete the following table to determine the total budgeted indirect cost, total budgeted cost of each activity, and budgeted Budgeted Amount of Cost Driver Used Soft Fresh Packaged Cost-Driver Soft Fresh Packaged Drinks Snacks Food Total Activity Cost Driver Rate Drinks Snacks Food Ordering Number of purchase orders 36 15 24 15 Ordering Delivery Delivery Number of deliveries 78 13 64 21 Shelf-stocking Shelf-stocking Hours of stocking time 24.00 19 173 92 Customer support Number of items sold 0.23 4,100 34,800 10,800 Customer support Total costs Percentage of total indirect costs % |% |% Print Done 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 Granger 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, Granger Mart managers are better able to budget for of individual product-line items sold