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Answer please Requirements 1. Prepare a job cost record for Job 423. Calculate the predetermined overhead allocation rate (round to two decimal places); then allocate
Answer please
Requirements 1. Prepare a job cost record for Job 423. Calculate the predetermined overhead allocation rate (round to two decimal places); then allocate manufacturing overhead to the job. 2. Journalize in summary form the requisition of direct materials and the assignment of direct labor and the allocation of manufacturing overhead to Job 423. Wages are not yet paid. 3. Journalize completion of the job and the sale of the 5,800 DVDs on account. Sloan Technology Co, manutactures DVDs for computer sotware and entertainnent companies. Sioun unes job orser costing. On September 2. Slasa began production of 5.600 DVDs. Jab 423, lor Diceame Pictures for $1.20 sales price per DVD. Sloan promised to deliver the DVOs to Diorams Pictunes by September 5. Sican incurred the following direct oosts: (Cick the icon to view the costs.) ICick the iose to vew adstional intormation) Read the Requirement 1. Piopare a job cost resond for Job 423 . Calculate the preselermined overhead alocaton mate (round to two decimal places); then allocate manutacturing overhesd to the pob. Begin by determining the total ancont of diect materials and direct lator incurred on the job. Next calcalube the predetermined overthead allocation rate and apsly mandacturng ovechead b the job. Lasilly compute the sear cost of Job 423 and the cost per DVD. Job Cost Recard Job No. 423 Requirement 2. Journalize in summary form the requisition of direct materials and the assignment of direct labor and the allocation of manufacturing overhead to Job 423. Wages are not yet paid. (Reoond debits frat, then ciedits. Exclude explanations from ary journal entries.] Start by joumalizing the use of diroct materials. Next, journalize the use of deect labor. Now journalize the allocation of overthead to sot423. Requirement 3. Journalize completion of the job and the sale of the 5.800 DVDs on acocunt. (Riecord debitis firit. then credts. Exclude emplanations from any journal entries.) Begin by preparing the entry to show the compledion of the job. Next. journalize the revenue portion of the sale of Job 423 Finallv. ioumalize the cost of ooods portion of the sale. Requirements 1. Prepare a job cost record for Job 423. Calculate the predetermined overhead allocation rate (round to two decimal places); then allocate manufacturing overhead to the job. 2. Journalize in summary form the requisition of direct materials and the assignment of direct labor and the allocation of manufacturing overhead to Job 423. Wages are not yet paid. 3. Journalize completion of the job and the sale of the 5,800 DVDs on account. Sloan Technology Co, manutactures DVDs for computer sotware and entertainnent companies. Sioun unes job orser costing. On September 2. Slasa began production of 5.600 DVDs. Jab 423, lor Diceame Pictures for $1.20 sales price per DVD. Sloan promised to deliver the DVOs to Diorams Pictunes by September 5. Sican incurred the following direct oosts: (Cick the icon to view the costs.) ICick the iose to vew adstional intormation) Read the Requirement 1. Piopare a job cost resond for Job 423 . Calculate the preselermined overhead alocaton mate (round to two decimal places); then allocate manutacturing overhesd to the pob. Begin by determining the total ancont of diect materials and direct lator incurred on the job. Next calcalube the predetermined overthead allocation rate and apsly mandacturng ovechead b the job. Lasilly compute the sear cost of Job 423 and the cost per DVD. Job Cost Recard Job No. 423 Requirement 2. Journalize in summary form the requisition of direct materials and the assignment of direct labor and the allocation of manufacturing overhead to Job 423. Wages are not yet paid. (Reoond debits frat, then ciedits. Exclude explanations from ary journal entries.] Start by joumalizing the use of diroct materials. Next, journalize the use of deect labor. Now journalize the allocation of overthead to sot423. Requirement 3. Journalize completion of the job and the sale of the 5.800 DVDs on acocunt. (Riecord debitis firit. then credts. Exclude emplanations from any journal entries.) Begin by preparing the entry to show the compledion of the job. Next. journalize the revenue portion of the sale of Job 423 Finallv. ioumalize the cost of ooods portion of the sale Step by Step Solution
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