Case Study 1 Questions a. Verify Arnie's cost and price estimates by using traditional indirect (10 Marks) cost allocation b. Estimate the indirect cost allocation and total cost for each model by (10 Marks) using ABC method C. If the prices and number of units sold are the same next year (750,000 (10 Marks) standard and 250,000 premium), and all other costs remain constant, compare the profit from Quik-Sterz under the ABC method with the profit using the traditional indirect cost allocation method. d. Determine what prices should Medical Dynamics charge next year (10 Marks) based on the ABC method and a 10% markup over cost and the total profit from Quik-Sterz predicted to be if sales hold steady. Case Study 1 Questions a. Verify Arnie's cost and price estimates by using traditional indirect (10 Marks) cost allocation b. Estimate the indirect cost allocation and total cost for each model by (10 Marks) using ABC method C. If the prices and number of units sold are the same next year (750,000 (10 Marks) standard and 250,000 premium), and all other costs remain constant, compare the profit from Quik-Sterz under the ABC method with the profit using the traditional indirect cost allocation method. d. Determine what prices should Medical Dynamics charge next year (10 Marks) based on the ABC method and a 10% markup over cost and the total profit from Quik-Sterz predicted to be if sales hold steady