The Stowe store of Carlson Mart, a chain of small neighborhood convenience stores, is preparing its activity-based budget for January 2021. Carlson 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 Stowe store, the cost drivers and their rates, and the cost-driver amount budgeted to be consumed by each activity in January 2021. 4 (Click the icon to view the activity and cost-driver information.) Read the requirements 5. Requirement 1. What is the total budgeted indirect cost at the Stowe store in January 2021? What is the total budgeted cost of each activity at the Stowe 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\%.) 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 Carlson 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 (2) By recognizing this, Carlson Mart managers are better able to budget for (3) of individual product-line items sold. 4: Data Tahle 5: Requirements 1. What is the total budgeted indirect cost at the Stowe store in January 2021 ? What is the total budgeted cost of each activity at the Stowe store for January 2021? What is the budgeted indirect cost of each product category for January 2021 ? 2. Which product category has the largest fraction of total budgeted indirect costs? 3. Given your answer in requirement 2, what advantage does Carlson Mart gain by using an activity-based approach to budgeting over, say, allocating indirect costs to products based on cost of goods sold