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tk ices Direct labor-hours required to support estimated production Machine-hours required to support estimated production Fixed manufacturing overhead cost osting system. At the beginning of the year, the company made the following estimates: Direct materials Direct labor cost Direct labor-hours Variable manufacturing overhead cost per direct labor-hour Variable manufacturing overhead cost per machine-hour During the year, Job 550 was started and completed. The following information is available with respect to this job: Machine-hours $ 175 $ 225 15 55 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? 140,000 70,000 $ 784,000 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

During the yeat, Job 550 was started and completed. The following information is avallable with respect to this job: Required: 1. Assume that Landen has historically used a plantwide predetermined overhead rate with direct labor-hours as the atlocation base Under this approach a. Compute the plantwie predetermined ovetheod rate. b. Compute the total manulacturing cost of J0b550. c. If Landen uses a markup percentage of 200% of its total manufacturing cost, what seling price would it establish for Job 550 ? 2. Assume that Landeris controller believes that machine-hours is a better allocation base than direct tabor hours. Under this approach a. Compute the plantwide predetermined overhead rate b. Compute the total manulacturing cost of Job 550 : c, If Landen uses a markup percentage of 200 of its total morufacturing cost, what selling price would it establist for Job 550 ? (Round your intermediote calculotions to 2 decimol ploces. Round your Predetermined Overheod Rote onswers to 2 decimal c. H 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 10b550 ? (Round your intermediate calculations to 2 decimal ploces. Round your Predetermined Overhead Rote answers to 2 decimal places and oll other answers to the neorest whole dollor.) 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 avallable with respect to this job Required: 1. Assume that Londen has histoncally used a piantwide predetermined overhead rate with direct fabor-hours as the allocation base. Under this applosch: a. Compute the plantwide predetermined ovechead 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 seling price would it establish for 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 ploces. Round your Predetermined Overhead Rate answers to 2 decimal places and oll other onswers to the nearest whole dollar.)

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