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C Get Homework Help With Chegg chegg.com/study/qa/post Chegg Study Textbook Solutions Expert Q&A Practice Search 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 75,000 Machine-hours required to support estimated production 37,500 Foed manufacturing overhead cost $225,000 Variable manufacturing overhead cost per direct labor-hour $ 1.60 Variable manufacturing overhead cost per machine-hour $3.20 During the year, Job 550 was started and completed. The following information is available with respect to this job: Direct materials $178 Direct labor cost 5225 Direct labor-hours 15 Machine-hours 5 hp W hp C Get Homework Help With Cheg, X chegg.com/study/qa/post Chegg Study Textbook Solutions Expert OLA Practice Search OUIS 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 ll 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. of 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 nearest whole dollar.) Direct labor-hours hop DO hp 2. Assume that Landen's controller believes that machine- 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 (Round your intermediate calculations to 2 decimal plac nearest whole dollar.) 1. Direct labor-hours: a. Predetermined overhead rate per DLH b. Total manufacturing cost of Job 550 c. Selling price 2. Machine-hours la predetermined overhead rate per MH b. Total manufacturing cost of Job 550 1. Selling price