Please help!!! Requirement $1.$ Calculate the cost of Job $356$ using the traditional plantwide manufacturing overhead rate based on machine hours.

Begin by calculating the plantwide overhead rate. First identify the formula used to compute the plantwide overhead rate, then compute the rate. $($Abbreviations used:

MOH$=$ manufacturing overhead; mfg$.=$ manufacturing$)$ More info

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.Data tableData table

$310$ pounds of direct materials at $$60$ per pound

$70$ direct labor hours used at $$40$ per labor hour

$130$ machine hours used

$13$ change orders

$90$ pounds of hazardous waste generatedCalculate the cost of Job $356$ using the traditional plantwide manufacturing

overhead rate based on machine hours.

Calculate the cost of Job $356$ using activity$-$based costing.

If you were a manager, which cost estimate would provide you more

useful information? How might you use this information?