Sidney Industries manufactures a variety of custom products. The company has traditionally used X Question list a plantwide manufacturing overhead rate based on machine hours to allocate manufacturing More info overhead to its products. The company estimates that it will incur $1,650,000 in total manufacturing overhead costs in the upcoming year and will use 15,000 machine hours. Question 1 i Click the icon to view the additional information about the hazardous waste disposal fees.) 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 X manufacturing overhead process. Recently, the company has been experiencing Data table 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 Estimated costing system so that managers know the cost of each product, including its hazardous waste disposal costs. Activity for Description of Cost Pool Estimated Cost Cost Driver this Year X Machine maintenance costs . . . . . 900,000 Number of machine hours 15.000 Requirements Engineering change orders . . . . . 480,000 Number of change orders 6,000 Hazardous waste disposal . . . . 270,000 Pounds of hazardous materials generated 1,000 Total overhead cost 1,650,000 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 Data table useful information? How might you use this information? 270 pounds of direct materials at $40 per pound 30 direct labor hours used at $35 per labor hour Print Done 90 machine hours used O Question 8 10 change orders 80 pounds of hazardous waste generated O Question 9 Print Done Help me solve this Video Get Clear all Check