Fetch Dog Collars uses activity-based costing. Fetch's system has the following features: Each collar has three parts, direct materials cost is $8.00 per collar, and direct labor cost is $2.00 per collar. Suppose Animal Hut has asked for a bid on 40,000 dog collars. Fetch will issue a total of 75 purchase orders if Animal Hut accepts Fetch's bid. Read the requirements. Compute the total cost Fetch will incur to purchase the needed materials and then assemble and package 40,000 dog collars. Also compute the cost per collar. (Round the total cost to the nearest dollar and the cost per collar to the nearest cent.) For bidding, Fetch adds a 35% 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 $ Suppose that instead of an ABC system, Fetch has a traditional product costing system that allocates indirect costs other than direct materials and direct labor at the rate of $9.20 per direct labor hour. The dog collar order will require 11,000 direct labor hours. What total price will Fetch 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 Fetch will bid if using a traditional product costing system that allocates all costs on the direct labor hours is $. Use your answers to requirements 2 and 3 to explain how ABC can help Fetch make a better decision about the bid price it will offer Animal Hut. Fetch'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 chances of winning the bid