Best Technology Co. manufactures DVDs for computer software and entertainment companies. Best uses job order costing. On April 2, Best began production of 5,500 DVDs, Job 423, for Cyclorama Pictures for $1.60 sales price per DVD. Best promised to deliver the DVDs to Cyclorama Pictures by April 5. Best incurred the following direct costs: (Click the icon to view the costs.) (Click the icon to view additional information.) Read the requirements. More info Requirement 1. Prepare a job cost record for Job 423. Calculate the predetermined overhead allocation rate (round to two decimal places), ther Begin by determining the total amount of direct materials and direct labor incurred on the job. Next, calculate the predetermined overhead alloca Job Cost Record Best Technology allocates manufacturing overhead to jobs based on the relation between estimated overhead of $504,000 and estimated direct labor costs of $420,000. Job 423 was completed and shipped on April 3. Job No. 423 Customer Name Job Description Cyclorama 5,500 DVDs Print Done Date Promised 4-5 Date Started 4-2 Date Completed 4-3 Direct materials Direct labor Manufacturing overhead allocated Labor Time Date Labor Time Record No. Requisition Date Number Record 4/02 655 Amount Number Amount Date Rate Amount 4/03 656 Description 10 hours @ $18 per hour $ 20 hours @ $14 per hour Amount 180 280 4-3 of direct 4-2 63 $ 341 655 $ 4-2 64 700 4-3 74 126 656 GA 180 labor cost Overall Cost Summary Totals $ 1,167 $ 69 280 Direct materials Direct labor Manufacturing overhead Allocated Total Job Cost 460 Cost per DVD Materials Requisition Date No. Description Amount 4/02 63 31 lbs. polycarbonate plastic @ $11 per lb. S 341 4/02 64 25 lbs. acrylic plastic @ $28 per lb. 700 4/03 74 3 lbs. refined aluminum @ $42 per lb. 126 Print Done - X cost per DVD.