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r l I AC A A A EVEVE EE T AAS a Styles Style Pane 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 Fixed manufacturing overhead cost Variable manufacturing overhead cost per direct labor-hour Variable manufacturing overhead cost per machine-hour 115,000 57,500 $ 322,000 $ 3.40 $ 6.80 During the year, lob 550 was started and completed. The following information is available with respect to this job: $ $ 252 370 Direct materials Direct labor cost Direct labor hours Machine-hours 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 5507 2. Assume that ander'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. Landen uses a markup percentage of 200% of its total manufacturing cost, what seling price would it establish for job 550? Focus Format Tools Table Window Help Document1 References Mailings Review View Aav ADA A ELE A1 A Styles Styles Pane 1) Direct labor hours: A predetermined overhead rate? B: total manufacturing costjob 550 ? Cselling price? 2.) Machine hours: A: predetermined overhead rate? B: total manufacturing costjo 550 ? cselling price? (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) d States) Focus