Apply activity cost allocation rates (Learning Objective 2) Holiday Industries manufactures a variety of custom products. The company has trad E4-21A used a plantwide manufacturing overhead rate based on machine hours to allocate facturing overhead to its products. The company estimates that it will i00 manufacturing overhead costs in the upcoming year and will use 10,000 machine 5 n total Up to this point, hazardous waste disposal fees have been absorbed into the pl wide manufacturing overhead rate and allocated to all products as part of t facturing overhead process. Recently, the company has been experiencing significanty increased waste-disposal fees for hazardous waste generated by certain products, anda a result, profit margins on all products have been negatively impacted. Company man- agement wants to implement an activity-based costing system so that managers know the cost of each product, including its hazardous waste disposal costs ant he manu