Classic Technology Co. manufactures CDs and DVDs for computer software and entertainment companies. Classic uses job order costing. On June 2, Classic began production of 5,200 DVDs, Job 423, for Diorama Pictures for $1.40 sales price per DVD. Classic promised to deliver the DVDs to Diorama Pictures by June 5. Classic incurred the following costs: (Click the icon to view the costs.) Classic Technology allocates manufacturing overhead to jobs based on the relation between estimated overhead of $550,000 and estimated direct labor costs of $440,000. Job 423 was completed and shipped on June 3. Read the requirements Requirement 1. Prepare a job cost record for Job 423. Calculate the predetermined overhead allocation rate; then allocate manufacturing overhead to the job. Begin by determining the total amount of direct materials and direct labor incurred on the job. Next, calculate the predetermined overhead allocation rate and apply manufacturing overhead to the job. Lastly, compute the total cost of Job 423 and the cost per DVD. (Round the cost per DVD to the nearest cent.) Job Cost Record Job No. 423 Customer Name Job Description Diorama 5,200 DVDs Date Promised 6-5 Date Started 6-2 Direct materials Direct labor Labor Time Requisition Date Number Amount Record Number Amount 777 6-2 63 372 655 55 6-2 64 700 6-3 74 144 656 S 160 260 Totals $ 1,216 $ 420 Date Completed 6-3 Manufacturing overhead allocated Date Rate Amount