Problem 3-16 (Algo) Plantwide Predetermined Overhead Rates; Pricing [L03-1, LO3-2, LO3-3] Landen Corporation uses a job-order costing system. At the beginning of the year, the company made the following estimates: Direct laborhours required to support estimated production 155,660 Machinehours required to support estimated production 77,589 Fixed manufacturing overhead cost $465,669 Variable manufacturing overhead cost per direct laborhour $ 4.89 Variable manufacturing overhead cost per machine-hour $ 9.60 During the year, Job 550 was started and completed. The following information is available with respect to thisjob: Direct materials $ 210 Direct labor cost $ 349 Direct laborhours 15 Machinehours 5 l 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.) 1. Direct laborhours: a. Predetermined overhead rate per DLH Total manufacturing cost of Job 550 c. Selling price 2. Machine-hours: a. Predetermined overhead rate per MH Total manufacturing cost of Job 550 c. Selling price Problem 3-19 (Algo) Multiple Predetermined Overhead Rates; Applying Overhead [LO3-1, LO3-2, LO3-4] High Desert Potteryworks makes a variety of pottery products that it sells to retailers. The company uses ajob-order costing system in which departmental predetermined overhead rates are used to apply manufacturing overhead cost tojobs. The predetermined overhead rate in the Molding Department is based on machine-hours, and the rate in the Painting Department is based on direct labor- hours. At the beginning of the year, the company provided the following estimates: Department Molding Painting Direct labor-hours 31,500 57,700 Machinehours 88,000 31,000 Fixed manufacturing overhead cost $149,600 $525,070 Variable manufacturing overhead per machinehour $ 3.20 Variable manufacturing overhead per direct laborhour $ 5.20 Job 205 was started on August1 and completed on August 10. The company's cost records show the following information concerning thejob: Department MoldingPainting Direct laborhours 83 129 Machinehours 300 65 Direct materials $ 948 $1,200 Direct labor cost $ 680 $1,000 Required: 1. Compute the predetermined overhead rates used in the Molding Department and the Painting Department. 2. Compute the total overhead cost applied to Job 205. 3a. What would be the total manufacturing cost recorded for Job 205? 3b. If thejob contained 20 units, what would be the unit product cost? Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3A Req 3B Compute the total overhead cost applied to Job 205. (Round "Predetermined overhead rate" to 2 decimal places. Round other intermediate calculations and final answers to the nearest dollar amount.) Problem 3-19 (Algo) Multiple Predetermined Overhead Rates; Applying Overhead [LO3-1, L03-2, L03-4] High Desert Potteryworks makes a variety of pottery products that it sells to retailers. The company uses a job-order costing system in which departmental predetermined overhead rates are used to apply manufacturing overhead cost tojobs. The predetermined overhead rate in the Molding Department is based on machine-hours, and the rate in the Painting Department is based on direct labor- hours. At the beginning of the year, the company provided the following estimates: Department Molding Painting Direct laborhours 31,500 57,700 Machinehours 88,000 31,000 Fixed manufacturing overhead cost $149,600 $525,070 Variable manufacturing overhead per machinehour $ 3.20 Variable manufacturing overhead per direct laborhour $ 5.20 Job 205 was started on August1 and completed on August 10. The company's cost records show the following information concerning the job: Department MoldingPainting Direct laborhours 83 129 Machinehours 300 55 Direct materials $ 948 $1,200 Direct labor cost $ 680 $1,000 Required: 1. Compute the predetermined overhead rates used in the Molding Department and the Painting Department. 2. Compute the total overhead cost applied to Job 205. 3-61. What would be the total manufacturing cost recorded for Job 205? 3-b. If thejob contained 20 units, what would be the unit product cost? Complete this question by entering your answers in the tabs below. Req 2 Req 3A Req 3B Reql What would be the total manufacturing cost recorded for Job 205? (Round \"Predetermined overhead rate" to 2 decimal places. Round other intermediate calculations and final answers to the nearest dollar amount.) Direct materials Direct labor Manufacturing overhead Total cost Problem 3-19 (Algo) Multiple Predetermined Overhead Rates; Applying Overhead [LO31, LO3-2, LO3-4] High Desert Potteryworks makes a variety of pottery products that it sells to retailers. The company uses a job-order costing system in which departmental predetermined overhead rates are used to apply manufacturing overhead cost tojobs. The predetermined overhead rate in the Molding Department is based on machine-hours, and the rate in the Painting Department is based on direct labor- hours. At the beginning of the year, the company provided the following estimates: Department Molding Painting Direct laborhours 31,500 57,700 Machinehours 88,000 31,000 Fixed manufacturing overhead cost $149,600 $525,070 Variable manufacturing overhead per machinehour $ 3.20 Variable manufacturing overhead per direct laborhour $ 5.20 Job 205 was started on August 1 and completed on August 10. The company's cost records show the following information concerning thejob: Department MoldingPainting Direct laborhours 83 129 Machinehours 300 65 Direct materials $ 948 $1,200 Direct labor cost $ 680 $1,000 Required: 1. Compute the predetermined overhead rates used in the Molding Department and the Painting Department. 2. Compute the total overhead cost applied to Job 205. 3-a. What would be the total manufacturing cost recorded for Job 205? 3-b. If thejob contained 20 units, what would be the unit product cost? Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3A Req 3B If the job contained 20 units, what would be the unit product cost? (Round "Predetermined overhead rate" to 2 decimal places. Round other intermediate calculations to the nearest dollar amount. Round your final answer to 2 decimal places.) _