Great Quality Tire manufactures tires for all-terrain vehicles. Great Quality uses job costing and has a perpetual inventory system. On April 22, Great Quality received an order for 130 TX tires from ATV Corporation at a price of $90 each. The job, assigned number 298, was promised for May 10. After purchasing the materials, Great Quality began production on April 30 and incurred the following direct labor and direct materials costs in completing the order: B (Click the icon to view the costs.) Great Quality allocates manufacturing overhead to jobs on the basis of the relation between expected overhead costs ($418,000) and expected direct labor hours (22,000). Job 298 was completed on May 3 and shipped to ATV on May 5. Read the requirements - - X Data table - X Requirements w Date Labor Time Record No. Description Amount 4/30 1896 12 hours at $18 $ 216 1. Prepare a job cost record for Job 298. 2. Calculate the total profit and the per-unit profit for Job 298. 5/3 1904 30 hours at $20 $ 600 al order. Enter the labor Date Materials Requisition No. 437 Description Amount 4/30 60 lbs. rubber at $14 $ 840 Print Done 5/2 439 40 meters polyester fabric at $12 480 5/3 501 100 meters steel cord at $8 $ 800 5-3 fing Overhead Allocated Print Done 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 ti Estimated yearly direct labor costs ials, direct labor, and allocated manufacturing overhead. Then prepare the overall cost summary. (List the dates in chronological orc in input field is not used in the table, leave the input field empty; do not enter a zero.) J Estimated yearly direct labor hours J (Estimated yearly machine hours J - Estimated yearly overhead costs Started 4-30 Date Completed 5-3 EN 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 ATV Corporation 130 TX tires Job Description Date Promised 5-10 Date Started 4-30 Date Completed 5-3 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 wiTV VIZIO Date Promised 5-10 Date Started 4-30 Date Completed 5-3 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.) Job 298 Sales Less: Cost of job Total profit on job Number of tires Per-unit profit