Landen Corporation uses job-order costing. At the beginning of the year, it made the following estimates:

Direct labor-hours required to support estimated production125,000Machine-hours required to support estimated production62,500Fixed manufacturing overhead cost$ 350,000Variable manufacturing overhead cost per direct labor-hour$ 3.80Variable manufacturing overhead cost per machine-hour$ 7.60

During the year, Job 550 was started and completed. The following information pertains to this job:

Direct materials$ 201Direct labor cost$ 240Direct labor-hours15Machine-hours5

Required:

1. Assume Landen has historically used a plantwide predetermined overhead rate with direct labor-hours as the allocation base. Under this approach:
   1. Compute the plantwide predetermined overhead rate.
   2. Compute the total manufacturing cost of Job 550.
   3. If Landen uses a markup percentage of 200% of its total manufacturing cost, what selling price would it establish for Job 550?
2. Assume Landens controller believes that machine-hours is a better allocation base than direct labor-hours. Under this approach:
   1. Compute the plantwide predetermined overhead rate.
   2. Compute the total manufacturing cost of Job 550.
   3. If Landen uses a markup percentage of 200% of its total manufacturing cost, what selling price would it establish for Job 550?

Note: 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.