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 130,000 Machine-hours required to support estimated production 65,000 Fixed manufacturing overhead cost $ 364,000 Variable manufacturing overhead cost per direct labor-hour $ 4.00 Variable manufacturing overhead cost per machine-hour $ 8.00 During the year, Job 550 was started and completed. The following information is available with respect to this job: Direct materials $ 253 Direct labor cost $ 349 Direct labor-hours 15 Machine-hours 5 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? 2. Assume that Landens 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.)

1. Direct labor-hours:
1a. Predetermined overhead rate	$6.80	per DLH
1b. Total manufacturing cost of Job 550
1c. Selling price
2. Machine-hours:
2a. Predetermined overhead rate		per MH
2b. Total manufacturing cost of Job 550
2c. Selling price