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Best Tire manufactures tires for all-terrain vehicles. Best uses job costing and has a perpetual inventory system. On September 22. Best received an order for 120 TX tires from ATV Corporation at a price of $75 each. The job, assigned number 298, was promised for October 10. After purchasing the materials, Best began production on September 30 and incurred the following direct labor and direct materials costs in completing the order: Click the icon to vew the costs.) Best allocates manufacturing overhead to jobs on the basis of the relation between expected overhead costs ($456,000) and expected direct labor hours (19.000). Job 208 was completed on October 3 and shipped to ATV on October 5. Read the requirements nts jes 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 11 Estimated yearly overhead costs Estimated yearly direct labor hours- Predetermined overhead rate 456,000 19.000 $ 24 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 Job Description 120 TX tires x 1 Data Table Labor Time Record No. Date Description Amount 9/30 1896 12 hours at $18 $ 216 10/3 1904 30 hours at $16 $ 480 Date Materials Requisition No. 437 Description Amount 9/30 60 lbs. rubber at $10 $ 600 439 $ 1012 560 40 meters polyester fabric at $14 100 meters steel cord at $8 10/3 501 $ 800 Best Tire manufactures tires for all-terrain vehicles. Best uses job costing and has a perpetual inventory system. On September 22, Bes promised for October 10. After purchasing the materials, Best began production on September 30 and incurred the following direct labo Click the icon to view the costs.) Best allocates manufacturing overhead to jobs on the basis of the relation between expected overhead costs ($456,000) and expected Read the requirements Date Promised 10-10 Direct Materials Date Started 9-30 Date Completed 10-3 Manufacturing Overhead Allocated Direct Labor Labor Time Requisition Record Date Number Amount Number Amount Date Rate Amount 20XX 9-30 437 $ 600 1896 $ 216 per 439 560 direct labor hr. 10-2 10-3 501 800 1904 480 Overall Cost Summary Direct Materials Direct Labor Manufacturing Overhead Allocated 696 Total Job Cost Totals $ 1.960 $ Choose from any list or enter any number in the input fields and then click Check Answer. 1 part Clear All remaining Requirement 2. Calculate the total profit and the per-unit profit for Job 298. (Round your answer to t Job 298 Sales Less: Cost of job Total profit on job Number of tires Per-unit profit Enter any number in the edit fields and then click Check Answer. Il tehtiin Clear All