Granger Supermarkets (GS) found that its ABC analysis provided important insights. GS extends the analysis to cover three more product lines: baked goods, milk and fruit juice, and frozen oroducts. It identifies four activities and the activity cost rates for each activity as provided. (Click the icon to view the activity cost rates.) The revenues, cost of goods sold, store support costs, and activity area usage of the three product lines are as follows. (Click the icon to view the information for the three product lines.) Required 1. Use the previous costing system (support costs allocated to products at the rate of 30% of cost of goods sold) to compute a product line profitability report for GS. 2. Use the ABC system (ordering at $96 per purchase order, delivery at $75 per delivery, shelf-stocking at $24 per hour, and customer support at $0.16 per item sold) to compute a product line profitability report for GS 3. What new insights does the ABC system in requirement 2 provide to GS managers? Activity cost rates ch activity as provided. area usage of the three product lines ar s.) Info for the three product lines Under its simple costing system, GS allocated support costs to products at the rate of 30% of cost of goods sold. There are no bottle returns for any of these three product lines