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please help! due at midnight will rate good all my answers were wrong 1 Problem 2-16 (Algo) Plantwide Predetermined Overhead Rates; Pricing (L02-1, LO2-2, LO2-3]
please help! due at midnight will rate good all my answers were wrong
1 Problem 2-16 (Algo) Plantwide Predetermined Overhead Rates; Pricing (L02-1, LO2-2, LO2-3] 3 nts eBook Landen Corporation uses a job-order costing system. At the beginning of the year, the company made the following estimates: Direct labor-hours required to support estimated production Machine-hours required to support estimated production 65,000 32,500 Fixed manufacturing overhead cost $ 195,000 Variable manufacturing overhead cost per direct labor-hour $ 1.20 Variable manufacturing overhead cost per machine-hour $ 2.40 During the year, Job 550 was started and completed. The following information is available with respect to this job Print ferences Direct materials Direct Labor cost Direct labor-hours Machine-hours $ 250 $ 318 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? . dette Prev 1 of 3 Next > 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.) $ $ 4.00 per DLH 643 1,286 $ 1. Direct labor-hours: 1a, Predetermined overhead rate 16. Total manufacturing cost of Job 550 1c. Selling price 2. Machine-hours: 2a. Predetermined overhead rate 2b. Total manufacturing cost of Job 550 26 Sallinn nice S $ $ 6.00 per MH 568 59 BE Prev 1 of 3 Next > Step by Step Solution
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