Question 4, E4-23A (similar to) ework HW Score: 0%, 0 of 7 points Part 1 of 9 O Points: 0 of 1 Save Skath Industries manufactures a variety of custom products. The Expected usage and costs for manufacturing overhead activities company has traditionally used a plantwide manufacturing overhead rate for the upcoming year are as follows: based on machine hours to allocate manufacturing overhead to its (Click the icon to view the expected usage and costs.) products. The company estimates that it will incur $1,440,000 in total manufacturing overhead costs in the upcoming year and will use 10,000 During the year, Job 354 is started and completed. Usage for machine hours. this job follows: i Click the icon to view the additional information about the hazardous (Click the icon to view the usage for Job 354.) waste disposal fees.) 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; mfg. = manufacturing) Plantwide mfg. overhead rateZ Manageria (!) Larry Byers 07/04/23 12:38 PM Ch. 4 Homework Question 4, E4-23A (similar to) HW Score: 0%, 0 of 7 points Part 1 of 9 O Points: 0 of 1 Save Skath Industries manufactures a variety of custom products. The Expected usage and costs for manufacturing overhead activities K company has traditionally used a plantwide manufacturing overhead rate for the upcoming year are as follows: based on machine hours to allocate manufacturing overhead to its "(Click the icon to view the expected usage and costs.) products. The company estimates that it will incur $1,440,000 in total manufacturing overhead costs in the upcoming year and will use 10,000 [ Data Table ear, Job 354 is started and completed. Usage for machine hours. this job follows: Click the icon to view the additional information about the hazardous (Click the icon to view the usage for Job 354.) X Data table Estimated ours. Activity for Description of Cost Pool Estimated Cost Cost Driver this Year pmpute the rate. Machine maintenance costs $ 700,000 Number of machine hours 10,000 Engineering change orders . . . . . . . 450,000 Number of change orders 5,000 Hazardous waste disposal . . ... 290,009 Pounds of hazardous materials generated 1,000 1,440,000 Total overhead cost. . Print DoneQuestion 4. E4~23A (similar to) } Hw Score: 0%, 0 of 7 points if?) Part 1 or 9 0 Points: 0 of 1 Skath 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 $1,440,000 in total manufacturing overhead costs in-the upcoming year and will use 10,000 machine hours. a Click the icon to view the additional information about the hazardous waste (3' - . - . 7 Expected usage and costs for manufacturing overhead activities for the upcoming year are as follows: E (Click the icon to view the expected usage and costs.) During the year, Job 354 is started and completed. Usage for this job follows: g (Click the icon to view the usage for Job 354.) Data table verhead rate based on machine hours. ' 300 pounds of direct materials at $35 per pound f 1' ' j 1' j ' i e plantwide overhead rate, then compute the rate. 3 70 direct labor hours used at $45 per labor hour ; 120 machine hours used Plantwide mfg. overhead rate ' 'l 8 change orders ' ' l 70 sounds oi hazardous waste generated ' 1 Question 4. E423A (similar to) ) Hw Score: 0%, 0 of 7 points Part 1 or 9 0 Points: 0 of 1 Q3} Skath Industries manufactures a variety ct 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 $1,440,000 in total manufacturing overhead costs inthe upcoming year and will use 10,000 machine hours. 0 Click the icon to view the additional information about the hazardous waste disposal fees') Expected usage and coats for manufacturing overhead activities for the upcoming year are as follows: a (Click the icon to view the expected usage and costs.) During the year, Job 354 is started and completed. Usage for this job follows: a (Click the icon to View the usage for Job 354.) Read the muirements. Requirements ate based on machine hours. 1. Calculate the cost of Job 354 using the traditional plantwide manufacturing i ' everhead rate based on machine hoursl ' ' A r 3 i I ' ' ' 2. Calculate the cost of Job 354 using activity-based costin'gii ; 1 i 3. if you were a manager, which cost estimate would provide information? How might you use this information? ' de overhead rate, then compute the rate. . e mfg. overhead rate