Geo Tire manufactures tires for all-terrain vehicles. Geo uses job costing and has a perpetual inventory system. On September 22, Geo received an order for 180 TX tires from TV Corporation at a price of 590 each. The job,

assigned number 298, was promised for October 10. After purchasing the materials, Geo began production on September 30 and incurred the following direct labor and direct materials costs in completing the order:

Geo allocates manufacturing overhead to jobs on the basis of the relation between expected overhead costs ($460,000) and expected direct labor hours (23,000). Job 298 was completed on October 3 and shipped to ATV on

October 5.

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.

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.)

Requirement 2. Calculate The total profit and the per-unit profit for job to 298.

sting and has a nerpetual inventory system on September 22 Geo received an order for 180 Data Table Labor Time Record No. Date Amount Description 12 hours at $20 9/30 1896 240 $ $ 1904 30 hours at $16 10/3 $ 480 Date Amount Description Materials Requisition No. 437 $ 840 9/30 60 lbs, rubber at $14 480 1012 439 40 meters polyester fabric at $12 100 meters steel cord at $10 $ $ 1,000 10/3 501 Print Done 30 741 sahnt Monta Geo Tire manufactures tires for all-terrain vehicles. Geo uses job costing and has a perpetual inventory system. On SE assigned number 298, was promised for October 10. After purchasing the materials, Geo began production on Septem (Click the icon to view the costs.) Geo allocates manufacturing overhead to jobs on the basis of the relation between expected overhead costs ($460,000 October 5. Read the requirement 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 formu = Predetermined overhead rate per hour Complete the job cost record in order of direct materials, direct labor, and allocated manufacturing overhead. Then prepa 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 ATV Corporation Job Description 180 TX tires Date Promised 10-10 Date Started 9-30 Date Completed 10-3 Manufacturinn varhaad Allocatar Nirort Materiale Direct labor Geo Tire manufactures tires for all-terrain vehicles. Geo uses job costing and has a perpetual inventory system. On Septembe Complete the job cost record in order of direct materials, direct labor, and allocated manufacturing overhead. Then prepare th- 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 ATV Corporation Job Description 180 TX tires Date Promised 10-10 Date Started 9-30 Date Completed 10-3 Direct Materials Direct Labor Manufacturing Overhead Allocated Labor Time Requisition Record Date Number Amount Number Amount Date Rate Amount 20XX per direct labor hr Overall Cost Summary Direct Materials Direct Labor LUSITION TO Geo Tire manufactures tires for all-terrain vehicles. Geo uses job costing and has a perpetual inventory system. On September 22, Geo NE VOULUN Job Description 180 TX tires Date Promised 10-10 Date Started 9-30 Date Completed 10-3 Direct Materials Direct Labor Manufacturing Overhead Allocated Labor Time Requisition Record Date Number Amount Number Amount Date Rate Amount 20XX per direct labor hr Overall Cost Summary Direct Materials Direct Labor Manufacturing Overhead Allocated Totals Total Job Cost Requirement 2. Calculate the total profit and the per-unit profit for Job 298. (Round your answer to two decimal places:) Geo Tire manufactures tires for all-terrain vehicles. Geo uses job costing and has a perpetual inventory system. On Sep 20XX per direct labor hr. Overall Cost Summary Direct Materials Direct Labor Manufacturing Overhead Allocated Totals Total Job Cost Requirement 2. Calculate the total profit and the per-unit profit for Job 298. (Round your answer to two decimal places.) Job 298 Sales Less: Cost of job Total profit on job Number of tires Per-unit profit