2007 Sur Th 3d E Bed Industries manter a variety of custom products. The company has analysed are manufacturing and edge and manufacturing and tester the proper was follow mine hours to locate manung overhead to its products. The company estimates that will no 1.200.000 inwa manting ved costs in the upcoming yew and will use 8.000 machine hours the view the expected usage and cus) During the year 150 ml Usage for this job low the icon to view the dona information about the heardous waste disposales) nowe usage for 350) Read the Requirement 1. Call the cost of 350 using traditional partide maring over te based on high begin by calculating the partie overhead Petty howed to the parande overhead the complete Tomated mange Edicions Partaidee 1200000 1000 Data Table -X Co the cost of Job 350 Job Cost Record JOB 350 Maracturing Costs 1700 Description of Cost Pool Machine Breeders He was Es Cast Cover 500.000 hours 5 for this year 000 10000 3 1.200.000 Totalt Pa Done Hequirement. Cethegybeding Begin by using the one for each active formulato compute the based in the each to 0 Doble - X Total DOO 000000 100000 IC 5000 Eng changes W 1 - - per per pound TO 31050 per Canon 350 g Choose to any center any number in the input fields and then continue to the text question Scofield Industries manufactures a variety of arstom products. The company has traditionally used a plantwide manufacturing overhead rate based Expected u on machine hours to allocate manufacturing overhead to its products. The company estimates that it will incur 51,200,000 in total manufacturing overhead costs in the upcoming year and will use 8,000 machine hours. 1 Click the i Click the icon to view the additional information about the hazardous waste disposal fees.) During they (Click to Read the 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 Total estimated manufacturing costs Estimated total machine hours Plantwide mig overhead rate 1200000 8000 150 0 Data Caloulate the cost of Job 350 Descrip Job Cost Record JOB 350 Direct materials Direct labor Manufacturing Costs 17050 3150 Engine Hazard Manufacturing overhead allocated 18000 Tour obost 38200 Requirement 2. Calculate the cost of Job 350 using activity-based costing Begin by calculating the allocation rate for each activity. First determine the formula to compute the allocation rate in an activity-based costing system. then com Activity cost Total actua activity cost To stavity coat on base alocation rate Data Table Machine 500000 B000 TO Eng change orders 100000 3000 20 per onder Waste 540000 2000 270 per pound 310 pounds of Ho directibo Calculate the cost of Job 350 single coating per MH - X Estimated Activity for this Year Description of Cost Pool Machine maintenance costs Engineering change orders Hazardous waste disposal Estimated Cost Cost Driver 560.000 Number of machine hours s 100,000 Number of change orders $ 540,000 Pounds of hazardous materials generated $ 1.200.000 8.000 5,000 2.000 Total overhead cost. Print Done ed costing system, then compute the rate for each activity. (Abbreviations used est. = estimated. MH machine hours. Mach Machine. Eng Engineering) Data Table - X 310 pounds of direct materiasat 556 per pound 70 direct bor hours used at $45 per labor hour 120 machine nours used a change orders 60 pounds of hazardous wastenere