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Score: 0 of 10 pts 1 of 3 (0 complete) HW Score: 0%, 0 of 30 pts E15-12A (similar to) s Question Help Sorrentino Industries manufactures a variety of custom widgets. The company has traditionally used a plantwide manufacturing overhead rate based on machine hours to allocate manufacturing overhead to its products. (Click the icon to view additional information.) More Info Expected usage and costs for manufacturing overhead activities for the upcoming year are a 5 Click the icon to view the expected usage and costs.) During the year, Job 356 is started and completed. Usage data for this job are as follows: (Click the icon to view the usage for Job 356.) Read the requirements Requirement 1. Calculate the cost of Job 356 using the traditional plantwide manufacturing overhead rate based on machine hours. Begin by calculating the predetermined manufacturing overhead rate. First identify the formula used to compute the predetermined manufacturing overhead rate, then compute the rate. (Abbreviations used: MOH = manufacturing overhead) 300 pounds of direct materials at $30 per pound 80 direct labor hours used at $20 per labor hour 150 machine hours used 12 change orders 70 pounds of hazardous waste generated = Predetermined manufacturing overhead rate Print Done Requirements x More Info i Data Table - x 1. 2. 3. Calculate 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? Estimated activity Estimated Cost for the year $ 840,000 14.000 Print Done The company estimates that it will incur $2,100,000 in total manufacturing overhead costs in the upcoming year and will use 14.000 machine hours. 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. Description of cost pool Machine maintenance costs Engineering change orders Hazardous waste disposal Cost driver Number of machine hours Number of change orders Pounds of hazardous materials generated $ 4.000 360,000 900,000 $ 2.500 $ 2,100,000 Total overhead cost Print Done Print Done Choose from any drop-down list and then click Check
