K Ki Technology Co. manufactures DVDs for computer software and entertainment companies. Ki uses job order costing. On April 2, Ki began production of 6,000 DVDs, Job 423, for Paradigm Pictures for $1.20 sales price per DVD. Ki promised to deliver the DVDs to Paradigm Pictures by April 5. Ki incurred the following direct costs: (Click the icon to view the costs.) i (Click the icon to view additional information.) Read the requirements. 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 Job Description Date Promised 4-5 Date 4-2 4-2 4-3 Totals Requisition Number Date Apr. 3 Direct materials Paradigm 6,000 DVDs 63 64 74 $ Amount Date Started 4-2 341 725 135 Direct labor Labor Time Record Number 655 656 69 Accounts $ Amount 160 Date Completed 4-3 Manufacturing overhead allocated Date 4-3 300 Direct materials Direct labor Manufacturing overhead Allocated Total Job Cost Cost per DVD Rate labor cost Overall Cost Summary of direct Requirement 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. Debit Amount Credit I

Ki Technology Co. manufactures DVDs for computer software and entertainment companies. Ki uses job order costing. On April 2, Ki began production of 6,000 DVDs, Job 423, for Paradigm Pictures for $1.20 sales price per DVD. Ki promised to deliver the DVDs to Paradigm Pictures by April 5. Ki incurred the following direct costs: (Click the icon to view the costs) (Click the icon to view additional information) Read the requirements. 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 fotal 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 Requirement 2 . Journalize in summary form the requisitien of dired materials and the assigrment of drect labor and the allocation of manufacturing overhead to Job 423 Wagos are not yet paid. (Record debits frst, then credits Exchide explanationa froms any joarnal entries.) Start by joumakining the use of direct matertats. Ki Technology Co. manufactures DVDs for computer software and entertainment companies. Ki uses job order costing On April 2, Ki began production of 6,000 DVDs, Job 423, for Paradigm Pictures for $1.20 sales price per DVD. Ki promised to deliver the DVDs to Paradigm Pictures by April 5. Kr incurred the following direct costs. (Cick the icon to view the costs.) (i) (Click the icon to view additional information.) Read the reguirements. Start by joumalizing the use of direct materials Next, journalize the use of direct labor Now journatue the allocation of overhead to Job 423 Requirement 3. Journalue corpletion of the fob and the sale of the 6,000 DVDs on accoont Pecord debits first then credits. Dxelude explanations froor any joural eribles) Begin by preparing the entry to show the carroletion of the job Now journalize the allocation of overhead to Job 423 . Requirement 3. Journalize completion of the job and the sale of the 6,000 DVDs on account (Record debits first, then credits, Exclude explanations from any joumal entries) Begin by preparing the entry to show the completion of the job. Next, journalize the revenue portion of the sale of Job 423 Requirements 1. Prepate a job cost record fot Job 423 . Calculate the predetermined overhead aliocation rate (round to two decimal places), then allocate mantacturing werhead to the job 2. Joumalize 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. Joumalize complotion of the jab and the sale of the 6,000 DVDs on account Data table More info Ka Technology allocates manufacturhg overhead to jobs based on the relaslon between estimated overhead of $574,000 and entimated direct labor costs of $410,000 Job 423 was cempleted and shipped on April 3