I actually sent this question already but I tried to cut it in half because I didn't know if I could get all 4 requirements to the question answered. Please answer all 4 requirements. It's cool if it counts as 2 of my questions. **Study this example to use activity-based management (ABM) to reduce costs by $14,081**Delta Dog Company uses activity-based costing. The system handles the following features:| Activity | Activity Base | Predetermined Overhead Allocation Rate ||----------------------------|--------------------------------------------------------------------------------------------------|----------------------------------------------------|| Purchasing | Number of purchase orders | $80.00 per purchase order || Assembling | Number of parts | $0.10 per part || Packaging | Number of finished collars | $3.00 per collar |Each collar has four parts, direct materials costing $4.00 per collar, and direct labor costing $6.00 per collar. Suppose Animal Hut has asked for a bid on 22,000 dog collars. Delta Dog will have to make 110 purchase orders if Animal Hut accepts Delta's bid.1. **Compute the product cost (mixed costs: price of materials and then assembly and packaging) to produce 22,000 collars. Also compute the cost for each collar.**2. **Compute Delta Dog's profit markup on total cost. What total price will the company bid to the online Animal Hut website?**3. **Suppose that instead of using ABM, Delta Dog uses traditional plantwide overhead allocation based on direct labor hours. The budgeted overhead rate is $12 per direct labor hour. The budgeted production will require 26,400 direct labor hours. What price will Delta Dog use with the traditional cost?**4. **Use your answers to requirements 1 and 3 to explain how ABM can help Delta Dog make a better decision about the bid price.**

Hi, in accordance with the policies, i am solving the first three parts of the problem Activity…

1. Compute the total estimated cost Drab will incur to purchase the needed materials and then assemble and package 35,000 dog collars. Also compute the cost per collar. 2. For bidding, Drab adds a 20% 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, EAP has a traditional product costing system that allocates indirect costs at the rate of $54 per direct labor hour. The baby seat order will require 12,000 direct labor hours. What price will EAP bid using this system's total cost assuming a 20% markup to total cost?

1. Compute the total estimated cost Drab will incur to purchase the needed materials and then assemble and package 35,000 dog collars. Also compute the cost per collar. 2. For bidding, Drab adds a 20% 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, EAP has a traditional product costing system that allocates indirect costs at the rate of $54 per direct labor hour. The baby seat order will require 12,000 direct labor hours. What price will EAP bid using this system's total cost assuming a 20% markup to total cost?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Further info is in the attached images For the Excel part of the question give the solutions in the form of the Excel equations. Please and thank you! :) Download the Applying Excel form and enter formulas in all cells that contain question marks. For example, in cell B34 enter the formula "= B9". After entering formulas in all of the cells that contained question marks, verify that the dollar amounts match the example in the text. Check your worksheet by changing the beginning work in process inventory to 100 units, the units started into production during the period to 2,500 units, and the units in ending work in process inventory to 200 units, keeping all of the other data the same as in the original example. If your worksheet is operating properly, the cost per equivalent unit for materials should now be $152.50 and the cost per equivalent unit for conversion should be $145.50. Thank you!
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