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 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 90,000 45,000 $2$2,000 2.10 $ 4.80 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 5 236 $321 15 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 London uses a markup percentage of 200% of its total manufacturing cost what selling price would it establish for jab 5502 2. Assume that Landens controller believes that machine hour's is a better location base than direct labor hours. Under this proach 3. Compute the plantwide predetermined overhead toite b. compute the total manufacturing cost of ob 550 If Landon uses a inakub percentage of 200 ofits total manufacturing cost what selling price would it establish for Jou 550 Round your Intermediate calculations to 2 decimal places. Round your "Predetermined Overhead Rete answers to 2 decimal places and all other answers to the nearest whole dollar) et tabobo preto scorch 19 labor-hours Machine-hours 371 15 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 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. 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.) per DLH 1. Direct labor-hours: a Predetermined overhead rate b. Total manufacturing cost of Job 550 Selling price 2. Machine-hours a Predetermined overhead rate b. Total manufactunng cost of Job 550 c. Selling price portar