Direct labor-hour's 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 85,000 42,500 $238.000 $ 2.20 5 4.40 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 $ 205 5 334 15 5 Required: 1. Assume that Landen has historically used a plantwide predetermined overhead rate with direct labor-hiouts as the allocation base Under this approach a Compute the plantwide predetermined overhead rate b Compute the total manufacturing cost of Job 550 cif 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 cil Landen uses a markup percentage of 200% of its total manufacturing cost what selling price would it establish for Job 5502 (Round your intermediate calculations to 2 decimal places. Round your predetermined Overhead Rate answers to 2 decimal 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) per DLH 1 Direct labor-hours Predetermined overhead rate b Total manufacturing cost of Job 550 Selling price 2 Machinehour Predetermined overhead rate bTotal manufacturing cost of Job 550 Selling price per MH