Landen Corporation uses a job-order costing system. At the beginning of the year, the company made...

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Landen Corporation uses a job-order costing system. At the beginning of the year, the company made the following estimates: D 1. Direct labor-hours: apredetermined overhead rate b.Total manufacturing cost of Job 550 Selling price $ $ | $ 4.40 per DLH

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Answer 1

Answer #1

1a) Plantwide overhead rate = 210000/70000+1.40 = 4.40 per labor hour

1b) total manufacturing cost = 215+231+15*4.4 = 512

1c) Selling price = 512+512*200% = 1536

2a) Plantwide overhead rate = 210000/35000+2.80 = 8.80 per machine hour

2b) total manufacturing cost = 215+231+5*8.8 = 490

2c) Selling price = 490+490*20% = 1470

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Answer 2

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