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Requirements 1. Calculate the cost of Job 356 using the traditional plantwide manufacturing overhead rate based on machine hours. 2. Calculate the cost of Job 356 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? Data table Smith industries manutactures a variety of custom widpots. The company has tradilinnaly used a plantwide manufacturing overhead rate based on machine hours to al ocate manufacturing overhead to its products: (1) (Cick the icon to viaw addetional intormaten) Expected usage and costs for manufacturing overhead activitles for the upcoming year are as follows (Cick the icon to view the expectod usage and costs) Durng the year. Job 356 is started and completed. Usage dota for this job are as follows Read the tegucriments More info 330 pounds of direct materials at $40 per pound 20 direct labor hours used at $50 per labor hour 100 machine hours used 13 change orders 90 pounds of hazardous waste generated