Classic Technology Co. manufactures DVDs for computer software and entertainment companies. Classic uses job order costing. On April 2, Classic began production of 5,000 DVDs, Job 423, for Cyclorama Pictures for $1.20 sales price per DVD. Classic promised to deliver the DVDs to Cyclorama Pictures by April 5. Classic incurred the following direct costs:

Cassic Technology Co. manufactures DVDs for computer sotware and entertainment or $1.20 sales price per DVD. Classic promised to delver the DVDs to Cyclorama Pictures by Apil 5.Classic inourred the folowing direct costs .companies Classic uses job order costing. On Apill 2 Cisssic began production of S,oodpvos, Job 423, for Cycicrama Pictures E (Cick the icon to view the costs.) Read the requirements Click the loon to view additional information.) Requirement 1. Prepare a job cost record for Jot 423 Caiculate the predelermined overhead alocation rae (round Begin by detemining the total amount of direct meterials and direct labor incurred on the job. Next, caluiae the Data Table the total cost of Job 423 and the cost per DVD Job Cost Record Job No. 423 Customer Name Jeb Desoription Date Promised 4-6 pute Date Labor Time Record No /02 Cycloram 5000 DVD 655 10 hours $18 per hour 20 hours$14 per hour 180 280 656 More Info Materials Requisition Date 402 402 4/03 No. 63 31 bo. polycarbonate plastic@$13 per b 43 64 25 bs acrylic plastic $27 per b Description Classic Technology allocates menufacturing overhead to jobs based on the of $420,000 Job 423 was complated and shipped on Apri 3 Da Num u relation batween essimaed overhead of $504,000 and estimated direot labor coss 675 74 3 bsrefined auminam@$48 per Ib Print Done Print Done Choose from any lst or enter any number in the input fields and then continue to the next question Classic Technology Co. rnar dactns ons for computer son ware and entertainment companies cusse ses joo order oosting. On Apri 2, classc tega producton of 5,000 DVDs,423 for Cyclarana Petrus for $1.20 sales price per DVD. Classic promised to deliver the DVDs to Cydlorama Plchures by Agril 5 Classic inoured the folowing direct oosts EE (Click the icon to view the costs) (Cick the icon to view additional information) Read the reaurements Dahe Promised 4-5 Started 442 Completed 43 Direct materias Direct labor Manufadturing overhead alocated Labor Time Recond Amount Number Amount Dabe of direct 63 403 655 180 Overal Cost Summary 200 Direct materals Manufacting overhead Total ob Cost otals Requirement 2 Joumaize in urmary fom the reg iston of direct mate als ard ho assa Choose from any list or enter any number in the nput fields and then consinus to the next question Cost r DVD mert of drect labor sel to alocaton or mr ufcturn overheedJeb42. Sag-ar-not-pai. On u dd us Classic Technology Co. manufactures DVDs for computer software and entertainment companies Classic uses job arder costing. On Apri 2, Classie began producian of 5,000 DVDs, Job a23, far Cyclorama Pichures for $1.20 sales price per DVD. Classic promised to deliver the DVDs to Cyclorama Pictures by April 5. Classic incurred the following direct costs EE(Click the icon to view the costs.) (Clck the lcon to view additional information) Read the reauirements Requirement 2. Joumalize in summary form the requisition of direct materials and the gsignment of direct lebor and the ellocation of anufacturing overhead to Jeb 4z Wages are nt yet paid. (Reos t then aredits. Exclude explanations from any joumal entries Start by joumalizing the use of direct materials Dato Credit Apr. 3 Accounts Repevable Cost of Goods Soid Next, joumalize 1 Finished Goods Inventory Date Manufacturing Overtead Apr.3 Credit aw Materials inventory Sales Revenue Wages Payabie Work-n-Process Inventory Classic Tachnology Co. manufctures DVDs for computer sotware and entertainment comparies. Classic uses job order costing. On April 2, Classic began produdtion of 5,000 bVDs, Job 423, for Cyclorama Pict for $1.20 sales price per DVD. Classic promised to deliver the DVDs to Cydlorama Pictures by April 5. Classic incurred the following direct costs EE (Cick the icon to view the costs (Cick the loon to view addisional information) Read the requirements Next, jounalize the use of direct labor Date Accounts Debit Credit Apr. 3 Now jounalize the alocation of overhead to Job 423 Accounts Debit Credit Apr. 3 Classic Technology Co. manufactures DVDs for computer software and entertainment companies. Classic uses job order costing On Api 2, Classic began producsion of 5,000 bvDs, Job 42 for $1.20 sales price per DVD. Classic promised to deliver the DVDs to Cyclionama Pictures by April 5. Classic Inourred the following direct costs EE (Click the icon to view the costs) for Cyelorama Pictures cos (Click the icon to viaw addtional infrmation) Read the reirements Requirement 3. Joumalize completion of the job and the sale of the 5,000 DVDs on account. (Reoord debilis first, then credes. Exclude explanations from any burral ertres.) Begin by preparing the entry to show the completion of the job. Date Accounts Debit Credit Apr. 3 Next jounalize the revenue portion of the sale of Job 423 Date Accounts Debit Credit Apr. 3 Finally, journalize the cost of goods portion of the sale. Date Accounts Debit Credit Apr 3