Direct labor-hours required to support estimated production Machine-hours required to support estimated production. Fixed manufacturing overhead cost Variable manufacturing overhead cost per direct labor-hour Variable manufacturing overhead cost per machine-hour 90,000 45,000 $252,000 2.40 $ 4.80 $ During the year, Job 550 was started and completed. The following information is available with respect to this job: Direct materials: Direct labor cost $236 $371 Direct labor-hours 15 5 Machine-hours 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 4 c. If 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 to search 17 < Prev 8 of 9 Next > a 2 61F