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121 - Manager Accounting roun.cWindo Amazon.com Decor w Questions - Ch 2 HW - Connect Saved Help Save & Exit Submit Check my work 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-hours required to support estimated production Fixed manufacturing overhead cost Variable sanufacturing overhead cost per direct labor-hour Variable manufacturing overhead cost per nachine-hour 145,000 72.500 $406,000 $ 4.40 $ 8.80 During the year, Job 550 was started and completed. The following information is available with respect to this job: Direct saterials Direct labor cost Direct labor-hours Machine-hours $ 183 5 295 15 5 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 rabe Compute the total manufacturing cost of Job 550 If landen uses a markup percentage of 200% of its total manufacturing cost, what selling price would it establish for Job 5502 2. Assume that Landen's controller believes that machine hours is a better allocation besp than direct labor hours. Under this approach: a. Compute the plantwide predetermined overhead rate. b. Compute the total manufacturing cost of Job 550 silf landen uses a markup percentage of 200% of its total manufacturing cost, what selling price would establish for Job 550? Round your intermediate calculations to 2 decimal places. Round your "Predetermined Overhead Rote" answers to 2 decimal places and all other answers to the nearest whole dollar) MacBook Air 2012 00 DD D TE & $ 4 % 5 + 6 7 00 9 0 delete R Y U O { [ F G H Jo K L Teturn (Round your intermediate calculations to 2 decimal places. Round your "Prede decimal places and all other answers to the nearest whole dollar.) per DLH 1. Direct labor-hours: 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 MacBook Air DOO DOO F4 FS F6 57 DD FB F9 > % 5 & * 6 ) 7 8 ( 9 0 R T Y U 0