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Tam Sustainability HW Score: 20.20%, 8.79 of 30 points Points: 8.79 of 10 Sorrentino Industries manufactures a variety of custom widgets. The company has traditionally used a plantwide manufacturing overhead rate based on machine hours to allocate manufacturing overhead to its products. Click the loon to view additional information) Expected usage and costs for manufacturing overhead activities for the upcoming yea (Click the icon to view the expected usage and costs) During the year, Job 356 is started and completed. Usage data for this job are as follo (Click the icon to view the usage for Job 356.) Read the requirements Requirement 1. Calculate the cost of Job 356 using the traditional plantwide manufacturing overhead rate based on machine hours Begin by calculating the predetermined manufacturing overhead rate. First identify the formula used to compute the predetermined manufacturing overhead rate, then compute the rate. (Abbreviations used: MOH manua Predetermined manufacturing overhead rate Part 1 of 9 Part 1 of Points: 8.79 of 10 Save company has traditionally used a plantwide anufacturing overhead to its products. 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 356 is started and completed. Usage data for this job are as follows: (Click the icon to view the usage for Job 356.) Read the requirements GITE plantwide manufacturing overhead rate based on machine hours. e. First identify the formula used to compute the predetermined manufacturing overhead rate, then compute the rate. (Abbreviations used: MOH- manufacturing overhead) Predetermined manufacturing overhead rate sed and completed. Usage data for this job are as follows the usage for Job 356) Read the requirements Requirement 1. Calculate the cost of Job 356 using the traditional plantwide manufacturing overhead rate based on machine hours Begin by calculating the predetermined manufacturing overhead rate. First identify the formula used to compute the predetermined manufacturing overhead rate, then compute the rate. (Abbreviations used: MOH- manut Predetermined manufacturing overhead rate Clear all Che Get more bein (Click the icon to view aditional pla rhead rate. JU8 356 is started and completed, Usage data for this job are as follows (Click the icon to view the usage for Job 356.) Read the requirements X More info The company estimates that it will incur $1,860,000 in total manufacturing overhead costs in the upcoming year and will use 10,000 machine hours. 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 the rate. (Abbreviations used: MOH manufacturing overhead) pla ate. Requirements 1. Calculate the cost of Job 356 using the traditional plantwide manufacturing overhead rate based on machine hours. 2. Calculate the cost of Job 356 using activity-based costing. 3. If you were a manager, which cost estimate would provide you more useful information? How might you use this information? Print Done - X the rate. (Abbreviations used: MOH= manufa tion ead Data table Description of cost pool Machine maintenance costs Engineering change orders Hazardous waste disposal Total overhead cost Read the requirements. Cost driver Number of machine 700,000 hours Number of change 120,000 orders Pounds of hazardous 1,040,000 materials generated 1,860,000 Done Estimated Cost $ $ $ $ Print Estimated activity for the year 10,000 3,000 4,000 -X te. (Abbreviations used: MOH= manufacturing cional plantwide manufac ad rate. First identify the Pre the icon to view the usage for Job 356.) Read the requirements. - X More info 360 pounds of direct materials at $65 per pound 30 direct labor hours used at $20 per labor hour 90 machine hours used 6 change orders 70 pounds of hazardous waste generated Print Done , then compute the rate. (Abbreviations used: MOH= manufas