Landen Corporation uses ajob-order costing system. At the beginning ofthe year, the company made the following estimates: Direct labor-hours required to support estimated production 86,666 Machine-hours required to support estimated production 46,666 Fixed manufacturing overhead cost $ 246,666 Variable manufacturing overhead cost per direct labor-hour $ 1.86 Variable manufacturing overhead cost per machine-hour $ 3.66 During the year, Job 550 was started and completed. The following information is available with respect to this job: Direct materials $ 267 Direct labor cost $ 257 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 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.) 1. Direct labor-hours: 1a. Predetermined overhead rate 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 20. Selling price High Desert Potteryworks makes a variety of pottery products that it sells to retailers. The company uses a job-order costing system in which departmental predetermined overhead rates are used to apply manufacturing overhead cost tojobs. The predetermined overhead rate in the Molding Department is based on machine-hours. and the rate in the Painting Department is based on direct labor- hours. At the beginning of the year, the company provided the following estimates: Department Molding Painting Direct laborhours 31,906 52,986 Machinehours 85,866 39,866 Fixed manufacturing overhead cost $ 221,806 $ 454,949 Variable manufacturing overhead per machinehour $ 3.06 Variable manufacturing overhead per direct laborhour $ 5.66 Job 205 was started on August1 and completed on August 10. The company's cost records show the following information concerning thejob: Department Molding Painting Direct laborhours 86 130 Machinehours 32B 66 Direct materials $ 932 $ 1,166 Direct labor cost $ 738 $ 968 Required: 1. Compute the predetermined overhead rates used in the Molding Department and the Painting Department 2. Compute the total overhead cost applied to Job 205. 3-6. What would be the total manufacturing cost recorded for Job 205? 3-b. |fthejob contained 31 units, what would be the unit product cost? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3A Required 33 Compute the Predetermined Overhead Rates used in the Molding Department and the Painting Department. (Round your answers to 2 decimal places.) Molding Department Painting Department Required 2 > Harrison Company makes two products and uses a traditional costing system in which a single plantwide predetermined overhead rate is computed based on direct labor-hours. Data for the two products for the upcoming year follow: Rascon Parcel Direct materials cost per unit $ 12.00 $ 6.00 Direct labor cost per unit $ 2.80 $ 3.60 Direct laborhours per unit 0.30 0.35 Number of units produced 16,000 46,000 These products are customized to some degree for specific customers. Required: 1. The company's manufacturing overhead costs for the year are expected to be $459800. Using the company's traditional costing system. compute the unit product costs for the two products. 2. Management is considering an activity-based absorption costing system in which half ofthe overhead would continue to be allocated based on direct labor-hours and half would be allocated based on engineering design time. This time is expected to be distributed as follows during the upcoming year: Rascon Parcel Total Engineering design time (in hours) 4,400 4,400 8,800 Compute the unit product costs for the two products using the proposed activity-based absorption costing system. Complete this question by entering your answers in the tabs below. Required 1 Required 2 The company's manufacturing overhead costs for the year are expected to be $459,800. Using the company's traditional costing system, compute the unit product costs for the two products. (Round your intermediate calculations and nal answers to 2 decimal places.) Required2 >