(Solved): Required: 1. Assume that Landen has historically used a plantwide predetermined overhead rate with ...

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 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 \( 550 ? \)