its products. The company estimates that it will incur $1,870,000 in total ng overhead costs in the upcoming year and will use 10,000 machine hours. icon to view the additional information about the hazardous waste disposal fees.) are as follows: (Click the icon to view t During the year, Job 358 is (Click the icon to view Read the requirements. More info t 1. Calcul Up to this point, hazardous waste disposal fees have been absorbed into the plantwide manufacturing overhead rate and allocated to all products as part of the manufacturing overhead process. Recently, the company has been experiencing significantly increased waste disposal fees for hazardous waste generated by certain products, and as a result, profit margins on all products have been negatively impacted. Company management wants to implement an activity-based costing system so that managers know the cost of each product, including its hazardous waste disposal costs. Requirements 1. Calculate the cost of Job 358 using the traditional plantwide manufacturing overhead rate based on machine hours. 2. Calculate the cost of Job 358 using activity-based costing. 3. If you were a manager, which cost estimate would provide you more useful information? How might you use this information? Smeh industries manulactures a vanety of cuatom products. The compary has traditionsly used a plantwide manufocturing overhead rate based on machine hours so ellocise mandecturing overhead to its products. The company estimates that il will incur $1,870,000 in fotat manulacturing overtesd cosst in the upooming year and will use 10,000 machine hours. (i) Click the icon to verw the additional information about the hatardous waste disposal lees.) Expected usage and costs for manulacturing overhead activites for the upoeming year are as follows: (Click the icon to viow the orpected usage and costa) Ouring the year, Job 356 is started and completed. Usege for this job follows (Click tow icon to yerw the usage for Job 358) Pead the tequirements Requirement 1. Calculate the cost of 100358 using the trastional plantwide manufachuning overhead rate based on machine hours. Data table Data table culate the co the plantwid 330 pounds of direct materials at $30 per pound pachine hours 20 direct labor hours used at $25 per labor hour 70 machine hours used 5 change orders 90 pounds of hazardous waste generated