Lane Corpul quot uses a ju-uur curry system. ALLE veya ule yedi, e Londry Houeue TURUWHY SIE Direct labor-hours required to support estimated production Machine-hours required to support estimated production Fixed mopufacturing overhead cost Variabld manufacturing overhead cost per direct labor-hour Variable manufacturing overhead cost per machine-hour 130,000 65,000 $364,000 5 4.00 $ 8.00 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 $ 253 $ 349 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 5507 (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) DUH Direct labor hours a Predetermined overhead rate b. Total manufacturing cost of Job 560 Selling price 2. Machine-hours: a Predetermined overhead role b. Total manufacturing cost of Job 560 e. Selling price