Data table Date Labor Time Record No. Description Amount 9/02 655 10 hours @ $18 per hour $ 180 9/03 656 20 hours @ $13 per hour 260 Materials Requisition Date No. Description Amount 9/02 63 31 lbs. polycarbonate plastic @ $12 per lb. $ 372 9/02 64 25 lbs. acrylic plastic @ $28 per lb. 700 9/03 74 3 lbs. refined aluminum @ $48 per lb. 144Requirements 1. Prepare a job cost record for Job 423. Calculate the predetermined overhead allocation rate (round to two decimal places); than allocate manufacturing overhead to the job. 2. dournalize 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 ofthe 5200 DVDs on account. More info Best Technology allocates manufacturing overhead to jobs based on the relation between estimated overhead of 5600000 and estimated direct labor costs of $480000. Job 423 was completed and shipped on September 3. 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 Stick People Job Description 5,200 DVDsDate Promised 9-5 Date Started 9-2 Date Completed 9-3 Direct materials Direct labor Manufacturing overhead allocated Labor Time Requisition Record Date Number Amount Number Amount Date Rate Amount of direct 9-2 63 372 655 $ 180 labor cost 9-2 64 700 Overall Cost Summary 9-3 74 144 656 260 Direct materials Direct labor Manufacturing overhead Allocated Total Job Cost Totals Cost per DVDRequirement 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. (Record debits first, then credits. Exclude explanations from any journal entries.) Start by journalizing the use of direct materials. Date Accounts Debit Credit Sep. 3 Next, journalize the use of direct labor.Accounts Now journalize the allocation of overhead to Job 423. Accounts Requirement 3. Journalize completion of the job and the sale of the 5,200 DVDs on account (Record debits first, then credits. Exclude explanations from anyiourhal entries.) Begin by preparing the entry to show the completion ofthe job. Sep. 3 Next, journalize the revenue portion of the sale of Job 423. Date Accounts Debit Credit Sep. 3 Finally, journalize the cost of goods portion of the sale.\fElest Technology Co manufactures DVDs for computer software and entertainment companies, Best uses Job order costing, On Septemberz Best began production of 5200 DVDs, Job 423, for Stick People Pictures for $1 .80 sales price per DVD. Best promised to deliver the DVDs to Stick People Pictures by September 5 Best incurred the following direct costs: @ (Click the icon to View the costs) 0 (Click the icon to View additional information) Read the muirements