5 10 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 140.00 Machineboursered to sport estrated production 10, Fixed manufacturing overheat cost Variable manufacturing overhead cost per direct labor-hour 750,000 $ 2.00 Variable manufacturing overheast er achine-hour 3.4.14 During the year. Jo 550 was started and completed. The following information is available with respect to the job: Direct materials 5175 Direct tabar cost $225 Direct Labor-hours 15 Maine-hours Required: 1 Aume that Landen hastery used a lontwide predetermined overhead rate with direct labor hours the location date Under this proce Compute the plantidepredetermined Overhead rate b. Comote the total manufacturing cost of Job 550 candentes a markup percentage of 200% of sto manufacturing cost what selling price would establish for Job 5607 2. Assume that Landens controllier beleves that machine hours as a better location Date than direct labor hours. Under this approach a compute the plantwide predetermined overhead rate b. Como the total manufacturing cost of Job 550 clandesesmarkup percentage of 200% of total manufacturing cost what selling price would it be for 205507 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 fo DUH Over 1. Pred 1. Tia v T v vi k lm seg 2. 5 Direct materials Direct labor cost Direct labor-hours Machine-hours $ 175 $ 225 15 5 10 points Skipped 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. Landen uses a markup percentage of 200% of its total manufacturing cost, what selling price would It establish for Job 550? 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) Book Print erences Der DLH 1 Drect tabor hours 1a. Predetermined overhead role 1b. Total manufacturing cost of Job 550 10. Saling price 2. Machine-hours 2a Predetermined overhead rate 2b. Total manufacturing cost of Job 650 2. Saling price [perMH