Landen Corporation uses a job$-$order costing system. At the beginning of the year, the company made the following estimates:

$\backslash$table$[[$Direct labor$-$hours required to support estimated production,$145,000],[$Machine$-$hours required to support estimated production,$72,500],[$Fixed manufacturing overhead cost,$$406,000$

Required:

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 $550?$

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.$)$

$\backslash$table$[[1.$ Direct labor$-$hours,,$],[1$a$.$ Predetermined overhead rate,,per DLH$],[1$b$.$ Total manufacturing cost of Job $550,,],[1$c$.$ Selling price,,$],[2.$ Machine$-$hours,,$],[2$a$.$ Predetermined overhead rate,,per MH$],[2$b$.$ Total manufacturing cost of Job

Landen Corporation uses a job$-$order costing system. At the beginning of the year, the company made the following estimates:

$\backslash$table$[[$Direct labor$-$hours required to support estimated production,$145,000],[$Machine$-$hours required to support estimated production,$72,500],[$Fixed manufacturing overhead cost,$$406,000550,,],[2$c$.$ Selling price,,$]$

$1$ Direct Labor Hours

$1$a Predetermined overhead rate

$1$b Total manufacturing cost of job $550$

$1$c selling prices

$2$ Machine Hours:

$2$a predetemined overhead rate

$2$b total manufacturing cost of job $550$

$2$c selling price