Che 2 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 Tixed manufacturing overhead coat Variable manufacturing overhead coat per direct labor-hour Variable manufacturing overhead cost per machine-hour 90,000 45,000 $252,000 $ 2.40 $ 4.80 5 Book During the year, Job 550 was started and completed. The following information is avallable with respect to this job: erences Direct materials Direct labor cost Direct labor-hours Machine-hours $ 236 $ 371 15 5 Required: 1. Assume that Landen has historically used a plantwide predetermined overhead rate with direct labor-hours as thd 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.) Saved HW 20 H. SUL LUI IL PRIMO PISUTU VILLE 2 5 points 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 2. Assume that Landen's controller believes that machine-hours is a better allocation base than dire 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 (Round your intermediate calculations to 2 decimal places. Round your Predetermined Overhea places and all other answers to the nearest whole dollar.) eBook Print References per DLH 1 Direct labor-hours: a. Predetermined overhead rate b. Total manufacturing cost of Job 550 C. Selling price 2. Machine-hours: Predetermined overhead rate b. Total manufacturing cost of Job 550 c. Selling price a per MH Hall 30 W N O P MacBook Pro esc 80 888 ... # $ % A & 1 2 3 4 5 6 7 D W F R T
