Drab Dog Collars uses activity-based costing.Drab's system has the following features: (Click the icon to view the data table.) Each collar has four parts, direct materials cost is $7.00 per collar, and direct labor cost is $2.00 per collar. Suppose Animal Hut has asked for a bid on 45,000 dog collars. Drab will issue a total of 100 purchase orders if Animal Hut accepts Drab's bid Read the requirements Requirement 1. Compute the total cost Drab will incur to purchase the needed materials and then assemble and package 45,000 dog collars. Also compute the cost per collar. (Round the total cost to the nearest dollar and the cost per collar to the nearest cont.) Total manufacturing cost Manufacturing cost per collar Requirement 2. For bidding, Drab adds a 30% markup to total cost. What total price will the company bid for the entire Animal Hut order? (Round to the nearest dollar) The total price the company will bid for the Animal Hut order is system that allocates indirect costs other than direct materials X Direct labor hours. What total price will Drab bid using this Data Table ound to the nearest dollar. If a box is not used in the table Activity Purchasing Assembling Packaging Allocation Base Number of purchase orders Number of parts Number of finished collars Predetermined Overhead Allocation Rate $50.00 per purchase order 0.36 per part 0.20 per collar Print Done question Requirement 3. Suppose that instead of an ABC system, Drab has a traditional product costing system that allocates indirect costs other than direct materials and direct labor at the rate of 59.00 per direct labor hour. The dog collar order will require 9,000 direct labor hours. What total price will Drab bid using this system's total cost? Begin by calculating the total manufacturing cost using the traditional product costing system (Round to the nearest dollar If a box is not used in the table leave the box empty, do not select a label or enter a zero.) Total manufacturing cost The total price that Drab will bid if using a traditional product costing system that allocates all costs on the direct labor hours is Requirement 4. Use your answers to requirements 2 and 3 to explain how ABC can help Drab make a better decision about the bid price it will offer Animal Hut Drab's bid would be using the traditional product costing system than using ABC. If the company uses the traditional product costing system they their chances of winning the bid. If the company uses the ABC system they their chance of winning the bid Choose from any list or enter any number in the input fields and then continue to the next