Scannell 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 $1,290,000 in total manufacturing overhead costs in the upcoming year and will use 10,000 machine hours. Click the icon to view the additional information about the hazardous waste disposal fees.) Expected usage and costs for manufacturing overhead activities for the upcoming year are as follows: (Click e loon to view the expected usage and costs.) During the year, Job 354 is started and completed. Usage for this job follows: (Click the icon to view the usage for Job 354.) Read the requirements Requirement 1. Calculate the cost of Job 354 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: mtg. = manufacturing) Plantwide mig, overhead rate Requirements 1. 2 Calculate the cost of Job 354 using the traditional plantwide manufacturing overhead rate based on machine hours. Calculate the cost of Job 354 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 Help me solve this Video Get more help. Clear all Check answer Scannell Industries manufactures a variety of custom products. The company has traditionally used a plantwide manufacturing overtread rate based on machine hours to allocate manufacturing overhead to its products. The company estimates that it will incur $1.290,000 in total manufacturing overhead costs in the upcoming year and will use 10,000 machine hours. Click the icon to view the additional information about the hazardous waste disposal fees.) 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 354 is started and completed. Usage for this job follows: (Click the icon to view the usage for Job 354.) Data Table quirements . Requirement 1. Calculate the cost of Job 354 using the traditional plantwide manufacturing overhead rate based on machine hours. Begin by calculating the plantvide 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 for this Year 10,000 Description of Cost Pool Estimated Cast Cost Driver Machine maintenance costs .....S 400,000 Number of machine hours Engineering change orders .......S S 80,000 Number of change orders S Hazardous waste disposal 810,000 Pounds of hazardous materials generated S Total overhead cost 1.290,000 1,000 250 pounds of direct materials at $25 per pound 80 direct labor hours used at $30 per labor hour 70 machine hours used 12 change orders 30 pounds of hazardous waste generated 3,000 Print Done Print Done ??????? Ulear all Check
