-ok nt nces Direct labor-hours required to support estimated production Machine-hours required to support estimated production Fixed manufacturing overhead cost Variable manufacturing overhead cost per direct labor-hour Variable manufacturing overhead cost per machine-hour 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 150,000 75,000 $ 420,000 $ 4.60 $9.20 $ 195 $ 288 15 15 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.)

Required: 1 Assume that Landen has histoncally used a plantwide predetemined overhead rote with direct laboc hours as the allocation base. Under this approach: a. Compute the plantwide predeternined overhead rate b. Compute the total manufacturing cost of Job 550 c. If tanden uses a markup percentage of 200% of its totat manufacturing cost, what selling price would it establesh 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 manufocturing cost, what selaing price would it establish for Job 550 ? (Round your intermediote calculations to 2 decimal places, Round your Predetermined Overheod Rate answers to 2 decimal ploces and alf other answers to the neorest whole dollor.)