Learning Objectives 2, 3, 4 1. Cost per DVD $0.37 P19-29A Preparing and using a job cost record to prepare journal entries Yu Technology Co. manufactures CDs and DVDs for computer software and entertainment companies. Yu uses job order costing, On April 2. Yu began production of 5,700 DVDs. Job 423. for Portrait Pictures for $1.40 sales price per DVD. Yu promised to deliver the DVDs to Portrait Pictures by April 5. Yu incurred the following costs: Date Labor Time Record No. Description Amount 4/02 655 10 hours a 518 per hour $ 180 656 20 hours @ $13 per hour 260 4/03 Job Order Costing 109 Amount Materials Date Requisition No. 4/02 63 4/02 64 4/03 74 Description 31 lbs, polycarbonate plastic $12 per Ib. 25 lbs. acrylic plastic @ $27 per lb. 3 lbs. retined aluminum @ $45 per ib. $ 372 675 135 Yu Technology allocates manufacturing overhead to jobs based on the relation between estimated overhead of $495,000 and estimated direct labor costs of $450,000. Job 423 was completed and shipped on April 3. Requirements 1. Prepare a job cost record for Job 423. Calculate the predetermined overhead allocation rate: then allocate manufacturing overhead to the job. 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. 3. Journalize completion of the job and the sale of the 5.700 DVDs on account. a