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Pro Tire manufactures tires for all-terrain vehicles. Pro uses job costing and has a perpetual inventory system. On June 22, Pro received an order for 130 TX tires from ATV Corporation at a price of $60 each. The job, assigned number 298, was promised for July 10. After purchasing the materials, Pro began production on June 30 and incurred the following direct labor and direct materials costs in completing the order: E (Click the icon to view the costs.) Pro 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 July 3 and shipped to ATV on July 5. Read the requirements 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 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 Data Table - X Customer Name ATV Corporation Job Description 130 TX tires Date Promised 7-10 Date Started 6-30 Date Completed 7-3 Labor Time Date Record No. Direct Materials Amount Direct Labor Description Manufacturing Overhead Allocated 6/30 1896 12 hours at $18 $ 216 Labor Time 7/3 1904 30 hours at $14 $ 420 Requisition Record Date Number Amount Number Amount Date Rate Amount Materials Date Requisition No. Description Amount 20XX 6/30 437 60 lbs, rubber at $10 $ 600 per 7/2 439 40 meters polyester fabric at $12 $ 480 direct labor hr. 7/3 501 100 meters steel cord at $8 $ 800 Overall Cost Summary Direct Materials Print Done Direct Labor Manufacturing Overhead Allocated Totals x A Requirements 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 1. Prepare a job cost record for Job 298. 2. Calculate the total profit and the per-unit profit for Job 298 Sales Less: Cost of job Total profit on job Number of tires Print Done Per-unit profit Choose from any list or enter any number in the input fields and then continue to the next