Direct labor$-$hours required to support estinated production

Machine$-$hours required to support estimated production

Fixed manufacturing overhead cost

Variable manufacturing overhead cost per direct labor$-$hour

Variable manufacturing overhead cost per machine$-$hour

$85,630$

$42,500$

$$238,000$

$$2\mathrm{.}20$

$$4\mathrm{.}40$

During the year, Job $550$ was started and completed. The following Information is avallable with respect to this Job:

Required:

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 belleves that machine$-$hours is a better allocatlon 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.$)$

$\backslash$table$[[1.$ Direct labor$-$hours:,,$],[1$a$.$ Predetermined ovehead rate,S$,2\mathrm{.}20$ per DUH$],[1$b$.$ Total manufacturing cost of Job $550,,],[1$c$.$ Selling price,,$],[2.$ Machine$-$hours:,,$],[2$a$.$ Predetermined cverhead rate,,per MH$],[2$b$.$ Total manufacturing cost of Job $550,,],[2$c$.$ Seling price,,$]]$