Scofield 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 $1,215,000 in total manufacturing overhead costs in the upcoming year and will use 15,000 machine hours. Expected usage and costs for manufacturing overhead activities for the upcoming year are as follows: EEE (Click the icon to view the expected usage and costs.) During the year, Job 352 is started and completed. Usage for this job follows EEB Click the icon to view the usage for Job 352.) Read the requirements. Click the icon to view the additional information about the hazardous waste disposal fees.) More Info Requirement 1. Calculate the cost of Job 352 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 r manufacturing) Up to this point, hazardous waste disposal fees have been absorbed into th manufacturing overhead rate and allocated to all products as part of the ma overhead process. Recently, the company has been experiencing significan waste disposal fees for hazardous waste generated by certain products, an margins on all products have been negatively impacted. Company manager implement an activity-based costing system so that managers know the cos including its hazardous waste disposal c Plantwide mfg. overhead rate Data Table Print Done Data Table Description of Cost Pool Estimated Cost Cost Driver for this Year 450,000 Number of machine hours 360,000 Number of change arders 405,000 Machine maintenance costs 15,000 6,000 340 pounds of direct materials at $35 per pound 50 direct labor hours used at $45 per labor hour 70 machine hours used 7 change orders 70 pounds of hazardous waste generated Pounds of hazardous materials generated Hazardous waste disposal 1,500 1,215,000 Total overhead cost Answer Print Done