Question: Help Save & Exit Submit Check my work anden Corporation uses a job-order costing system. At the beginning of the year the company made the
Help Save & Exit Submit Check my work anden Corporation uses a job-order costing system. At the beginning of the year the company made the f Direct labor-hours required to support estinated produetion Machine-hours required to support estimated production Pixed manufacturing overhead cost Variable manufacturing overhead eost per direct labor-hour Variable nanufacturing overhead cost per machine-hour 90,000 45,000 $252,000 2.40 5 4.80 During the year, Job 550 was started and completed. The following information is available with respect to this job: Direct materials Direet labor cost Direet labor-hours s236 371 1. Assume that Landen has historicaly 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 Lander uses a markup percentage of 200% of its total manufacturing cost what selling price would it establish for Job SS07 2. Assume that Landen's controller believes that machine-hours is a better allocation base than direct labor-hours. Under this approach MacBook Pro -in 8
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