11 Landen Corporation uses a job-order costing system. At the beginning of the year, the company made the following estimates points Direct labor-hour required to support estimated production Machine-hour required to support stimated production Fixed tacturing overhead cost Variable manufacturing overhead cost per direct labor-hour Variable manufacturing overhead cont per nachine-hour 160.000 30,000 $400,000 5 5.00 $ 10.00 soed During the year, Job 550 was started and completed. The following information is available with respect to this job: Borence Direct aterials Direct labor coat Direct laborehours Machine-hours $240 $.233 15 5 Required: 1. Assume that Landen has historically used a plantwide predetermined overhead rate with direct labor-hours as the allocation base Under this approach: a. Compute the plantwide predetermined overhead rate. b. Compute the total manufacturing cost of Job 550. c. If Landen uses a markup percentage of 200% of its total manufacturing cost, what selling price would It establish for Job 5507 2. Assume that Landen's controller believes that machine-hours is a better allocation base than direct labor hours. Under this approach a. Compute the plantwide predetermined overhead rate. b. Compute the total manufacturing cost of Job 550. c. If Landen uses a markup percentage of 200% of its total manufacturing cost, what selling price would it establish for Job 550? (Round your intermediate calculations to 2 decimal places. Round your "Predetermined Overhead Rate" answers to 2 decimal places and all other answers to the nearest whole dollar) (Round your intermediate calculations to 2 decimal places. Roun places and all other answers to the nearest whole dollar.) 1. Direct labor-hours: per DLH a. Predetermined overhead rate b. Total manufacturing cost of Job 550 c. Selling price 2. Machine-hours: a. Predetermined overhead rate b. Total manufacturing cost of Job 550 c. Selling price per MH