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 70,000 Machine-hours required to support estimated production 35,000 Fixed manufacturing overhead cost $ 210,000 Variable manufacturing overhead cost per direct labor-hour $ 1.40 Variable manufacturing overhead cost per machine-hour $ 2.80

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

Direct materials $ 215 Direct labor cost $ 231 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 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 Job 550?

Assume Landens controller believes that machine-hours is a better allocation base than direct labor-hours. 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 Job 550?