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Landen Corporation uses job-order costing. At the beginning of the year, it made the following estimates: Direct labor-hours required to support estimated production 90,000 Machine-hours
Landen Corporation uses job-order costing. At the beginning of the year, it made the following estimates: Direct labor-hours required to support estimated production 90,000 Machine-hours required to support estimated production 45,000 Fixed manufacturing overhead cost $ 252,000 Variable manufacturing overhead cost per direct labor-hour $ 2.40 Variable manufacturing overhead cost per machine-hour $ 4.80 During the year, Job 550 was started and completed. The following information pertains to this job: Direct materials $ 236 Direct labor cost $ 371 Direct labor-hours 15 Machine-hours 5 Required: Assume Landen has historically used a plantwide predetermined overhead rate with direct labor-hours as the allocation base. Under this approach: Compute the plantwid
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