Requirement 1. Calculate the cost of Job 352 using traditional plantwide manufacturing overheatre based on machine hours Begin by calculating the plantwide overhead role. First identify the formula used to compute the partide overhead rute, then compute the rato. Atoned MOHmartering van Plantwisem overhead rate Skath Industries manufactures a variety of custom products. The company has traditionally used a plantwide manufacturing overhead rate based on machine hours to allocate manufacturing overhead to its products. The company estimates that it will incur $1,160,000 in total manufacturing overhead costs in the upcoming year and will use 10,000 machine hours. innanl for) A X More Info H 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. Print Done Expected usage and costs for manufacturing overhead activities for the upcoming year are as follows: (Click the icon to view the expected usage and costs.) During the year, Job 352 is started and completed. Usage for this job follows: (Click the icon to view the usage for Job 352.) Read the requirements. Read ne reguleren usi Data Table e. Estimated Cost Description of Cost Pool Machine maintenance costs Engineering change orders Hazardous waste disposal ....s Estimated Activity for this Year 10,000 5,000 Cost Driver 100,000 Number of machine hours 150,000 Number of change orders 910,000 Pounds of hazardous materials generated 1.160,000 $ $ 3,500 $ Total overhead cost... Print Done i Data Table - x use 270 pounds of direct materials at $55 per pound 40 direct labor hours used at $35 per labor hour 140 machine hours used 4 change orders 70 pounds of hazardous waste generated Print Done - i Requirements 1. 2. Calculate the cost of Job 352 using the traditional plantwide manufacturing overhead rate based on machine hours. Calculate the cost of Job 352 using activity-based costing. If you were a manager, which cost estimate would provide you more useful information? How might you use this information? 3. Print Done