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Landen Corporation uses a job-order costing system. At the beginning of the year, the company made the following estimates. During the year, Jab 550 was
Landen Corporation uses a job-order costing system. At the beginning of the year, the company made the following estimates. During the year, Jab 550 was srarted and completed. The following information is avallable wath respect to this job: Required: 1. Assume that Lenden hos historically used o plantwide predetermined overheod tote with direct laborhourt os the ailocaticn 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 percentope of 200 \$ of its total manufacturing cost, whor selling pice would it establiah for lob 550 ? 2. Assume that Lariden's controller believes that mochine-hours is a better allocation base than direct lationhours. Lnder this approsch a. Compute the plantwide predetermined overheod rate. b. Compute the sotal monufactuning cost of Job 550 c. If Landen uses a markup percentoge of 200 of ius total manufocturing cost. What selteng price would it establuh for Job 550 ? (Round your intermediate calculations to 2 decimsl places. Round your Predetermined Overhesd Rate answers to 2 decimal pleces and all other onswers to the nearest whole doller) 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.)
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