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Landen Corporation uses job-order costing systemAt the beginning of the yearthe company made the following...

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Accounting

Landen Corporation uses job-order costing systemAt the beginning of the yearthe company made the following estimates Direct labor-hours required to support estimated production Machinehours required to support estimated production Fixed manufacturing overhead cost Variable manufacturing overhead cost per direct labor-hour Variable manufacturing overhead cost per machinehour 65,00032,560195,0001.2852,48 During the year Job 550 was started and completedThe following information is available with respect to this job Direct materials Direct labor cost Direct labor-hours Machine-hours 250 Required: Assume that Landen has historically used a plantwide predetermined overhead rate with direct labor-hours as the allocation base Under this approach Compute the plantwide predetermined overhead rate b Compute the total manufacturing cost of Job 550 Landen uses 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-hoursUnder this

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