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Sioan Technoiogy Co. manulactures DVDs for computer software and entertainment conpanios, Sloan uses job order costing, On September 2, Sloan began production of 5,500 DVDs, Job 423, for Portrai Pictures for \$1.10 sales price per DVD. Sloan promised to deliver the DVDs to Podtait Pictures by Soptember 5. Sioan incuned the following direct costs: (Click the icon to view the costs.) (Click the icon to vew additionsa information.) Requirement 1. Propare a job cost record for Job 423 . Calculate the prodetermined overhead allocason rate (round to two decimal placos), then allocate manufacturing overhead to the job. Begin by determining the total amount of direct materials and drect labor incurred on the job. Next, calailate the predeformined ovechead allocabion rate and apply manufacturing overhead to the job. Lastly, compute the total cost of Job 423 and the cost per DVD Sloan incurred the following difect conts: Data table More info Sloan Technology allocates manufacturing overhead to jobs based on the relation between estimated overhead of $504,000 and estimated direct labor costs of $420,000. Job 423 was completed and shipped on September 3. Requirements 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. 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. Joumalize completion of the job and the sale of the 5,500 DVDs on account. Sloan Technology Co, manufactures DVDs for computer software and entertainment companies. Sloan uses job order costing. On September 2, Sioan began Job No: 423 Customer Name Portrait Job Description 5,500 DVDs Sloan Technology Co. manufactures DVDs for computer software and entertainment companies. Sloan uses job order costing. On Soptember 2 , Sloan began production of 5,500 DVDs, Job 423, for Portrait Pictures for \$1:10 sales price per DVD. Sloan promised to deliver the DVDs to Portrat Pictures by September 5 . Sloan incurred the following direct costs: (Click the icon to view the costs.) (Click the icon to view additional information.) Read the requitements, Requirement 1. Prepare a job cost rocord for Job 423. Calculate the predetormined overhead allocabon rate (round to two decimal places); then alscale. manufacturing overhead to the job. Begin by determining the lotal amount of direct materials and direct labor incurred on the job. Next, calculate the predetormined overhead allocation rate and apply manufacturing overhead to the job. Lastly, compute the total cost of Job 423 and the cost per DVD. Data table the requirements. More info Sloan Technology allocates manufacturing overhead to jobs based on the relation between estimated overhead of $504,000 and estimated direct labor costs of $420,000. Job 423 was completed and shipped on September 3. Sloan Technology Co. manutactures DVDs for compufer software and entertainment companies. Sloan uses job order costing On September 2. Sioan began production of 5,500DVD, Job 423, for Portrait Pictures for \$1.10 sales price per DVD. Sloan promisod to doliver the DVDs to Portrat Pictures by September 5 sion incurrod the following direct costs: IItA (Click the icon to view the costs.) (i. (Click the icon to view additional information.) Read the tequitements. Requirements und to no docimal places); then allocate 1. Prepare a job cost record for Job423. Calculate the predetomined ovorhead predetermined owerhead allocation rate and apply overhead to the job. 2. Joumalize in summary form the requisiton of direct materials and the assignment of direct labor and the allocation of manulacturing ovechead to Job 423 . Wages are not yet paid. 3. Journalize completion of the job and the sole of the 5.500 DVDs on account