Landen Corporation uses a job-order costing system. At the beginning of the year, the company made the following esti Direct labor-hours required to support estimated production Machine-hours required to support estimated production Fixed manufacturing overhead cost Variable manufacturing overhead cost per direct labor-hour Variable manufacturing overhead cost per machine-hour 140,000 70,000 $784,888 $ 2.99 $ 4.00 During the year, Job 550 was started and completed. The following information is available with respect to this job: Direct materials Direct labor cost Direct labor-hours Machine-hours $ 175 $ 225 15 5 Required: . Assume that Landen has historically used a plantwide predetermined overhead rate with direct labor-hours as the allo Under this approach: Compute the plantwide predetermined overhead rate. - Compute the total manufacturing cost of Job 550. If Landen uses a markup percentage of 200% of its total manufacturing cost, what selling price would it establish for Assume that Landen's controller believes that machine-hours is a better allocation base than direct labor-hours. Unde proach: Compute the plantwide predetermined overhead rate. Compute the total manufacturing cost of Job 550. If Landen uses a markup percentage of 200% of its total manufacturing cost, what selling price would it establish for ound your Intermediate calculations to 2 decimal places. Round your predetermined Overhead Rate answers to 2