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Classic Technology Co. manufactures DVDs for computer software and entertainment companies. Classic uses job order costing. On September 2, Classic began production of 5,300
Classic Technology Co. manufactures DVDs for computer software and entertainment companies. Classic uses job order costing. On September 2, Classic began production of 5,300 DVDs, Job 423, for Stick People Pictures for $1.10 sales price per DVD. Classic promised to deliver the DVDs to Stick People Pictures by September 5. Classic incurred the following direct costs; (Click the icon to view additional information.) (Click the icon to view the costs.) Read the requirements. Requirement 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. 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. Job Cost Record Job No. 423 Customer Name Job Description Date Promised 9-5 Stick People 5,300 DVDs Date Started 9-2 Date Completed 9-3 Direct materials Direct labor Manufacturing overhead allocated Requisition Date Number Amount Labor Time Record Number Amount Date Rate Amount of direct Choose from any list or enter any number in the input fields and then continue to the next question.
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