3 points Landen Corporation uses a job-order costing system. At the beginning of the year, the company made the following estimates Direct labor-hours required to support estimated production Machine-hour's required to support estimated production Fixed manufacturing overhead cost Variable manufacturing overhead cost per direct labor-hour Variable manufacturing overhead cost per machine-hour 100,000 50,000 $ 280,000 $ 2.80 $ 5.60 During the year, Job 550 was started and completed. The following information is available with respect to this job Direct materials Direct labor cost Direct labor-hours Machine.hours $. 216 3327 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 3. Compute the plantwide predetermined overhead rate. Compute the total manufacturing cost of Job 550 If landen uses a markup percentage of 200% of its total manufacturing cost wilt selling price would it establish for Job 5507 2. Assume that Lander's controller beluves that machine hours is a better allocation base than direct labor-hours Under this approach Compute the plantwide predetermined overhead rate b. Compute the total manufacturing cost of Job 550 of Canden 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.)