Fetch Dog Collars uses activity-based costing. Fetch's system has the following features: (Click the icon to view the data table.) Each collar has two parts, direct materials cost is $6.00 per collar, and direct labor cost is $2.00 per collar. Suppose Animal Hut ha Fetch's bid. Read the requirements. Requirement 1. Compute the total cost Fetch will incur to purchase the needed materials and then assemble and package 25,000 the nearest cent.) Purchasing Direct labor Purchasing Assembling Packaging Total manufacturing cost Number of units Manufacturing cost per collar asked for a bid on 25,000 dog collars. Fetch will issue a total of 150 purchase orders if Animal Hut accepts dog collars. Also compute the cost per collar. (Round the total cost to the nearest dollar and the cost per collar to Data Table X Activity Allocation Base Predetermined Overhead Allocation Rate Purchasing Assembling Packaging Number of purchase orders Number of parts $57.00 per purchase order 0.42 per part 0.23 per colla Number of finished collars Print Done Requirements - 1. 2. 3. Compute the total estimated cost Fetch will incur to purchase the needed materials and then assemble and package 25,000 dog collars. Also compute the cost per collar. For bidding, Fetch adds a 40% markup to total cost. What total price will the company bid for the entire Animal Hut order? Suppose that instead of an ABC system, Fetch has a traditional product costing system that allocates indirect costs at the rate of $9.60 per direct labar hour. The dog collar order will require 13,000 direct labor hours. What total price will Fetch bid using this system's total cost? 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 4. Print Done