equirea u Saved Help Save & Exit Submit Check my work Problem 2-16 (Algo) Plantwide Predetermined Overhead Rates; Pricing [LO2-1, LO2-2, LO2-3] 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 95, eee Machine-hours required to support estimated production 47,5ee Fixed manufacturing overhead cost $ 266, eee Variable manufacturing overhead cost per direct labor-hour $ 2.60 Variable manufacturing overhead cost per machine-hour $ 5.20 During the year, Job 550 was started and completed. The following information is available with respect to this job: Direct materials $ 273 Direct labor cost $ 237 Direct labor-hours Machine-hours 5 unu 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. If Landen uses a markup percentage of 200% of its total manufacturing cost, what selling price would it establish for Job 550? Malwarebytes Anti-Malware e Databases Out of Dat Your database is out of date. It is protected by installing the latest up Prey 1 of 2 Next > !!! @ 70F eu Saved Help Save & Exit Subm Check my work 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? 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: 1a. Predetermined overhead rate 1b. Total manufacturing cost of Job 550 1c. Selling price 2. Machine-hours: 2a. Predetermined overhead rate 2b. Total manufacturing cost of Job 550 2c. Selling price per MH Malwarebytes Anti-Malw Databases Out of Your database is out of date. protected by Installing the lat Prey 1 of 2 Hi! Next >