Landen Corporation uses a job-order costing system. At the beginning of the year, the company made the following estimates: During the year, Job 550 was started and completed. The following information is avaliable with respect to this job: Required: 1. Asyume that Landen has historically used a piantwide 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. It Landen uses a markup percentage of 200% of its toto manufacturing cost, what selling price would it estabish for Job 550 ? 2. Assume that Landen's controller believes thot mochine-hours is a better allocation base than airect labor hours: Under thls approbch a. Compute the plaritwide predetermined overnead rate. b. Compute the total manufacturing cost of Job 550 . c. If Lenden uses a markup percentioge or 2005 of its total manufacturing cost, whot seling price would it estabisti for lob 5507 (Round your intermedlate calculations to 2 decimal places. Round your Predetermined overhead Rate answers to 2 decimai piaces and ath other answers to the nearest whole dolfar] Required: 1. Assume that Landen has historically used a plantwide predetermined overhead rate with direct labor-hours as the allocation h 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 estabilsh for Job 550 ? 2. Assume that Landen's controller belleves that machine-hours is a better allocation base than direct labor-hours. Under this approach: a. Compute the plantwide predetermined overbead rate. b. Compute the total manufacturing cost of Job 550