Requirements 1. Compute the total estimated cost Drab wil incur to purchase the needed materials and then assemble and package 20,000 dog collars. Also compute the cost per collar. 2. For bidding, Drab adds a 40% markup to total cost. What total price will the company bid for the entire Animal Hut order? 3. Suppose that instead of an ABC system, Drab has a traditional product costing system that allocates indirect costs at the rate of $9.40 per direct labor hour. The dog collar order will require 4,000 direct labor hours. What total price will Drab bid using this system's total cost? 4. Use your answers to Requirements 2 and 3 to explain how ABC can help Drab make a Print Done Data Table Predetermined Overhead Activity Allocation Base Allocation Rate Purchasing Number of purchase orders 57.00 per purchase order Assembling Number of parts 0.50 per part an Packaging Number of finished collars 0.23 per collar Print Done Requirements 1. Compute the total estimated cost Drab wil incur to purchase the needed materials and then assemble and package 20,000 dog collars. Also compute the cost per collar. 2. For bidding, Drab adds a 40% markup to total cost. What total price will the company bid for the entire Animal Hut order? 3. Suppose that instead of an ABC system, Drab has a traditional product costing system that allocates indirect costs at the rate of $9.40 per direct labor hour. The dog collar order will require 4,000 direct labor hours. What total price will Drab bid using this system's total cost? 4. Use your answers to Requirements 2 and 3 to explain how ABC can help Drab make a Print Done Data Table Predetermined Overhead Activity Allocation Base Allocation Rate Purchasing Number of purchase orders 57.00 per purchase order Assembling Number of parts 0.50 per part an Packaging Number of finished collars 0.23 per collar Print Done