Hammond Auto Parts (HAP) has a Seat Assembly Department that uses activity-based costing HAP's system has the following activities: E28 (Click the icon to view the activities.) Each baby seat has 30 parts. Direct materials cost per seat is $12. Direct labor cost per seat is $15. Suppose an aufornobile manufacturer has asked HAP for a bid an 70,000 built-in baby seats that would be installed as an option on its SUVs. HAP will use a total of 280 purchase orders if the bid is accepted Read the requirements. Requirement 2. For bidding. HAP adds a 25% markup to total cost What total price will HAP bid for the entire order? HAP will bid 5 for the entire order Requirement 3. Suppose that instead of an ABC system. HAP has a traditional product costing system that allocates indirect costs at the rate ot S56 per direct Requirement 3. Suppose that instead of an ABC system. The baby seat order will require 13,000 direct labor hours What price will HAP bid using this 5y stem's total cost assuming a 25 she marioup to total cost? First compute the total cost of the order using a traditional product costing system. Hammond Auto Parts (HAP) has a Seat Assembly Department that uses activily based costing HAP's systern has the following activities: Eis (Cick the icon to viaw the activities) Each baby seat has 30 parts. Direct materials cost per seat is $12. Direct labor cost per seat is $15 Suppose an automobile manufacturer has asked HAP for a bid on 70,000 builin baby seats that would be installed as an option on its SUVs. HAP will use a total of 280 perchase ordars if the bid is accepted Read the requirements. Requirement 1. Compute the total cost HAP will incur to (a) purchase the needed materials and then (b) assemble and (c) package 70,000 baby seats. Aks, compute the average cost per seat. (Round the average cost per seat to the nearest cent.) Requirement 2. For bidding HAP adds a 25 ip markup to total co: for the entire other Requirement 3. Suppose that instead of an ABC system HAP has a tradibonal product costing system that ailocates indirect costs at the rate of S5b per direct labor hour. The baby seat order will require 13,000 direct labor hours. What price will HAP bid using this system's total cost assuming a 25% markup to total cost? First compute the total cost of the order using a traditional product costrig system Hammond Auto Parts (HAP) has a Seat Assembly Department that uses activity-based costing HAP's system has the following activities: E28 (Click the icon to view the activities.) Each baby seat has 30 parts. Direct materials cost per seat is $12. Direct labor cost per seat is $15. Suppose an aufornobile manufacturer has asked HAP for a bid an 70,000 built-in baby seats that would be installed as an option on its SUVs. HAP will use a total of 280 purchase orders if the bid is accepted Read the requirements. Requirement 2. For bidding. HAP adds a 25% markup to total cost What total price will HAP bid for the entire order? HAP will bid 5 for the entire order Requirement 3. Suppose that instead of an ABC system. HAP has a traditional product costing system that allocates indirect costs at the rate ot S56 per direct Requirement 3. Suppose that instead of an ABC system. The baby seat order will require 13,000 direct labor hours What price will HAP bid using this 5y stem's total cost assuming a 25 she marioup to total cost? First compute the total cost of the order using a traditional product costing system. Hammond Auto Parts (HAP) has a Seat Assembly Department that uses activily based costing HAP's systern has the following activities: Eis (Cick the icon to viaw the activities) Each baby seat has 30 parts. Direct materials cost per seat is $12. Direct labor cost per seat is $15 Suppose an automobile manufacturer has asked HAP for a bid on 70,000 builin baby seats that would be installed as an option on its SUVs. HAP will use a total of 280 perchase ordars if the bid is accepted Read the requirements. Requirement 1. Compute the total cost HAP will incur to (a) purchase the needed materials and then (b) assemble and (c) package 70,000 baby seats. Aks, compute the average cost per seat. (Round the average cost per seat to the nearest cent.) Requirement 2. For bidding HAP adds a 25 ip markup to total co: for the entire other Requirement 3. Suppose that instead of an ABC system HAP has a tradibonal product costing system that ailocates indirect costs at the rate of S5b per direct labor hour. The baby seat order will require 13,000 direct labor hours. What price will HAP bid using this system's total cost assuming a 25% markup to total cost? First compute the total cost of the order using a traditional product costrig system