Drab Dog Collars uses activity-based costing. Drab's system has the following features: (Click the icon to view the data table.) Each collar has three parts, direct materials cost is $10.00 per collar, and direct labor cost is $4.00 per collar. Suppose Animal Hut has asked for a bid on 30,000 dog collars. Drab will issue a total of 125 purchase orders if Animal Hut accepts Drab's bid. Read the requirements. Requirement 1. Compute the total cost Drab will incur to purchase the needed materials and then assemble and package 30,000 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.) Total manufacturing cost Manufacturing cost per collar Data table Activity Purchasing Assembling Packaging Allocation Base Number of purchase orders Number of parts Number of finished collars Print Predetermined Overhead Allocation Rate $65.00 per purchase order 0.39 per part 0.20 per collar Done X

Drab Dog Collars uses activity-based costing. Drab's system has the following features: (Click the icon to view the data table.) Each collar has three parts, direct materials cost is $10.00 per collar, and direct labor cost is $4.00 per collar. Suppose Animal Hut has asked for a bid on 30,000 dog collars. Drab will issue a total of 125 purchase orders if Animal Hut accepts Drab's bid. Read the requirements. Requirement 1. Compute the total cost Drab will incur to purchase the needed materials and then assemble and package 30,000 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.) Total manufacturing cost Manufacturing cost per collar Data table Activity Purchasing Assembling Packaging Allocation Base Number of purchase orders Number of parts Number of finished collars Print Predetermined Overhead Allocation Rate $65.00 per purchase order 0.39 per part 0.20 per collar Done X

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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Please help me with questions 2 and 3 with explanations