Pro Tire manufactures tires for all-terrain vehicles. Pro uses job costing and has a perpetual inventory system. On April 22, Pro received an order for 190 TX tires from ATV Corporation at a price of S60 each. The job, assigned number 298, was promised for May 10. After purchasing the materials, Pro began production on April 30 and incurred the following direct labor and direct materials costs in completing the order: 23 Click the icon to view the costs.) Pro allocates manufacturing overhead to jobs on the basis of the relation between expected overhead costs ($540,000) and expected direct labor hours (20,000). Job 298 was completed on May 3 and shipped to ATV on May 5. Read the requirements 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. i = Predetermined overhead rate 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 190 TX tires Job Description Choose from any list or enter any number in the input fields and then continue to the next question. Pro Tire manufactures tires for all-terrain vehicles. Pro uses job costing and has a perpetual inventory system. On April 22, Pro received an order for 190 TX tires from ATV Corporation at a price of $60 each. The job, assigned number 298, was promised for May 10. After purchasing the materials, Pro began production on April 30 and incurred the following direct labor and direct materials costs in completing the order: 5 Click the icon to view the costs.) Pro allocates manufacturing overhead to jobs on the basis of the relation between expected overhead costs ($540,000) and expected direct labor hours (20,000). Job 298 was completed on May 3 and shipped to ATV on May 5. Read the requirements po moru wy, w Tomorro Job Cost Record Job No. 298 Customer Name ATV Corporation 190 TX tires Job Description Date Promised 5-10 Date Started 4-30 Direct Labor Date Completed 5-3 Manufacturing Overhead Allocated Direct Materials Labor Time Requisition Record Date Number Amount Number Amount Date Rate Amount 20xx Choose from any list or enter any number in the input fields and then continue to the next question. ? Pro Tire manufactures tires for all-terrain vehicles. Pro uses job costing and has a perpetual inventory system. On April 22, Pro received an order for 190 TX tires from ATV Corporation at a price of $60 each. The job, assigned number 298, was promised for May 10. After purchasing the materials, Pro began production on April 30 and incurred the following direct labor and direct materials costs in completing the order: 5 Click the icon to view the costs.) Pro allocates manufacturing overhead to jobs on the basis of the relation between expected overhead costs ($540,000) and expected direct labor hours (20,000). Job 298 was completed on May 3 and shipped to ATV on May 5. Read the requirements Date Promised 5-10 Date Started 4-30 Date Completed 5-3 Manufacturing Overhead Allocated Direct Materials Direct Labor Labor Time Record Requisition Number Date Amount Number Amount Date Rate Amount 20XX per direct labor hr. Overall Cost Summary Direct Materials Choose from any list or enter any number in the input fields and then continue to the next question. Pro Tire manufactures tires for all-terrain vehicles. Pro uses job costing and has a perpetual inventory system. On April 22, Pro received an order for 190 TX tires from ATV Corporation at a price of $60 each. The job, assigned number 298, was promised for May 10. After purchasing the materials, Pro began production on April 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 ($540,000) and expected direct labor hours (20,000). Job 298 was completed on May 3 and shipped to ATV on May 5. Read the requirements per direct labor hr. Overall Cost Summary Direct Materials Direct Labor Manufacturing Overhead Allocated Totals 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 Choose from any list or enter any number in the input fields and then continue to the next question. ? Pro Tire manufactures tires for all-terrain vehicles. Pro uses job costing and has a perpetual inventory system. On April 22, Pro received an order for 190 TX tires from ATV Corporation at a price of $60 each. The job, assigned number 298, was promised for May 10. After purchasing the materials, Pro began production on April 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 ($540,000) and expected direct labor hours (20,000). Job 298 was completed on May 3 and shipped to ATV on May 5. Read the requirements Data Table Allocated Totals Total Job Cost Requirement 2. Calculate the total profit and the per-unit profit for Job 298. (Round your answer to two decimal places.) Labor Time Record No. Date Description Amount Job 298 4/30 1896 12 hours at $18 $ 216 Sales 5/3 1904 30 hours at $16 $ 480 Less: Cost of job Total profit on job Date Materials Requisition No. 437 Amount 4/30 $ 840 Number of tires Description 60 lbs. rubber at $14 40 meters polyester fabric at $10 100 meters steel cord at $8 5/2 439 $ 400 Per-unit profit 5/3 501 $ 800 Choose from any list or enter any number in the input fields and then continue to the next question. Print Done