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w Santry Industries manufactures a variety of custom products. The company has traditionally used plantwide manufacturing overhead rate based on machine hours to locate manufacturing overed to its products. The company estimates that it will incur $1,200,000 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 for) Expected usage and costs for manufacturing overhead activities for the upcoming year are as fotos Click the icon to view the expected usage and costs) During the year, Job 355 is started and completed Usage for this job foow Click the foon to view the usage for Job 356.) Read the remonts Requirement 1. Calculate the cost of Job 356 using the traditional plantwide manufacturing overhead rate based on machine houn Begin by calculating the plantwide overhead rate First identify the formula used to compute the plantwide overhead to the compute the rate (Abbreviations Used: MOH manufacturing overhead, manufacturing) Planwide mig overhead More Info Data Table Up to this point, hazardous waste disposal fees have been absorbed to 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 270 pounds of direct materials at 570 per pound B0 direct labor hours used at $30 per labor hour 130 machine hours 4-change orders 90 pounds of hazardous waste generated Choose from a Print Done Check Answer Print Done 8 parts remaining Data Table .. $ Description of Cost Pool Machine maintenance costs Engineering change orders Hazardous waste disposal. Estimated Cost Cost Driver 400,000 Number of machine hours 40,000 Number of change orders $ 840,000 Pounds of hazardous materials generated 1,280,000 Estimated Activity for this Year 10,000 2,000 3,000 Total overhead cost. $ Print Done i Requirements - 1. 2. Calculate the cost of Job 355 using the traditional plantwide manufacturing overhead rate based on machine hours. Calculate the cost of Job 355 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