468295277&questionid; 58flus.. ACC 2311/HE22 Cost Acct 1 (Spring 18) Edwin Reyes

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468295277&questionid; 58flus.. ACC 2311/HE22 Cost Acct 1 (Spring 18) Edwin Reyes&1 3/18/18 4-13 PM Homework: Assignment 6: Chpt 5 ABC Costing Score: 0 of 30 pts E5-27 (book/static) Save 5 of 6 (0 complete) HW Score: 0%, 0 of 100 pts Question Help Fitzgerald Supermarkets (FS) operates at capacity and decides to apply ABC analysis to three product lines: baked goods, milk and fruit juice, and frone foods. It identfies four activites and their actlivity cost rates as folows Click the icon to view the activity cost rates.) herevenues, cost of gods sol. stro suppon costs.actites that acoount for the Stre suppor ees, and acterr ofte nepredet ollows (click the ion to view the itmmation for the three product ins) Requirements 1. Use the simple costing system to prepare a product -ine profitability report for FS 2. Use the ABC systemn to prepare a product-ine proftablity report for FS 3. What new insights does the ABC system in requirement 2 provide to FS managers? Requirement 1. Use the simgle conting system to prepare a produc line profiability percent.xxx%) report for FS. (Round the pencentages to the nearest hundredth Milk and Frozen Baked Goods Fruit Juice Produsts Total Costs Cost of goeds sold Store support Operating income Enber any number in the edt fieids and then click Check Answer Clear All remaining

Explanation / Answer

Baked Goods Milk and Fruit Juice Frozen Products Total Revenues 60000 66500 50500 177000 Costs Cost of goods sold 41000 51000 32000 124000 Store support 12300 15300 9600 37200 Total costs 53300 66300 41600 161200 Operating income 6700 200 8900 15800 Operating income/Revenues 11.17% 0.30% 17.62% 8.93%

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