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Landen Corporation uses a job-order costing system. At the beginning of the year, the company made the following estimates Direct lobor-hours required to support estissted

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Landen Corporation uses a job-order costing system. At the beginning of the year, the company made the following estimates Direct lobor-hours required to support estissted production Machine-hours required to support estimated production Fixed manufacturing overhead cost Variable manufacturing overhead cost per direct laber hour Variable manufacturing overhead cost per machine-hour 130.000 65,000 $365,000 $ $8.00 During the year, Job 550 was started and completed the following information is available with respect to this job: Direct materiais Direct labor cost Direct lobor-hours Haching hours $ 253 $149 15 Required: Assume that Landen has hontorically used a plantwide predetermined overhead rote wan direct labor nours as the anscanon base Under this approach o Compute the plontwide predetermined overhead rate Compute the total manufacturing cost of Job 550 c Flanden uses a markup bercentage of 200% of its total manufacturing cost what selling price would it establish for Job 5503 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 I 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 550? (Round your intermediate calculations to 2 decimal places, Round your predetermined Overhead Rote answers to 2 decimal places and all other answers to the nearest whole dollar) (por OCH 1 Directibor hours . Predetermined overhead rato Total manufacturing cost of Job 550 Selling price 2 Machine-hours Prodotermined overhead rate bTotal manufacturing cost of Job 950 c Selling price pH

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