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Landen Corporation uses a job-order costing system. At the beginning of the year, the company...

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Accounting

Landen Corporation uses a job-order costing system. At the beginning of the year, the company made the following estimates:
During the year, Job 550 was started and completed. The following information is available with respect to this job:
Requlred:
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?
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 Intermedlate colculatlons to 2 declmol places. Round your Predetermined Overheod Rate answers to 2 declmal
places and all other answers to the nearest whole dollar.)
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