Geo Tire manufactures tires for all-terrain vehicles. Geo uses job costing and has a perpetual inventory system. On April 22, Geo received an order for 100 TX tires from ATV Corporation at a price of $70 each. The job, assigned number 298, was promised for May 10. After purchasing the materials, Geo began production on April 30 and incurred the following direct labor and direct materials costs in completing the order: (Click the icon to view the costs.) Geo allocates manufacturing overhead to jobs on the basis of the relation between expected overhead costs ($450,000) and expected direct labor hours (18,000). Job 298 was completed on May 3 and shipped to ATV on May 5. Read the requirements. Requirement 1. Prepare a job cost record for Job 298. Calculate the predetermined overhead rate, then apply manufacturing overhead to the job. Begin by identifying the formula and computing the predetermined overhead rate. = Predetermined overhead rate per hour Complete the job cost record in order of direct materials, direct labor, and allocated manufacturing overhead. Then prepare the overall cost summary. (List the dates in chronological order. Enter the labor time records in the correct row according to date. If an input field is not used in the table, leave the input field empty; do not enter a zero.) Job Cost Record Job No. 298 Customer Name Job Description ATV Corporation 100 TX tires