Score: 0 of 1 pt 6 of 9 (0 complete) HW Score: 0%, 0 of 10 pts E4-21A (similar to) E Question Help Santry Industries manufactures a variety of custom products. The company has traditionally used a Expected usage and costs for manufacturing overhead activities for the upcoming year are as plantwide manufacturing overhead rate based on machine hours to allocate manufacturing overhead to its products.The company estimates that it will incur $1,490,000 in total manufacturing(Click the icon to view the expected usage and costs.) overhead costs in the upcoming year and will use 10,000 machine hours. follows During the year, Job 350 is started and completed. Usage for this job follows EEB (Click the icon to view the usage for Job 350.) Read the requirements. Click the icon to view the additional information about the hazardous waste disposal fees.) Requirement 1. Calculate the cost of Job 350 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) -Plantwide mfg. overhead rate Data Table Data Table Estimated Activity 300 pounds of direct materials at $35 per pound 40 direct labor hours used at $25 per labor hour 110 machine hours used 9 change orders 60 pounds of hazardous waste generated Description of Cost Pool Estimated Cost Cost Driver for this Year Engineering change orders Hazardous waste disposal Total overhead cost 300,000 Number of machine hours 210,000 Number of change orders 980,000 10,000 3,000 3,500 Pounds of hazardous materials generated 1,490,000 PrintDone Requirements 1. Calculate the cost of Job 350 using the traditional plantwide manufacturing overhead rate based on machine hours. Calculate the cost of Job 350 using activity-based costing. If you were a manager, which cost estimate would provide you more useful information? How might you use this information? 2. 3. PrintDone 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. Print Done