Requirement 1. Prepare a job cost record for Job 423. Calculate the predetermined overhead allocation rate (round to two decimal places); then allocate manufacturing ov 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 manufac per DVD. Job Cost Record Job No. 423 Customer Name Cyclorama 5,400 DVDs Job Description Date Promised 9-5 Direct materials Date Started 9-2 Date Completed 9-31 Direct labor Manufacturing overhead allocated Labor Time Requisition Date Number Record Amount Number Amount Date Rate Amount 9-3 120% of direct 9-2 63 $ 372 655 $ 160 labor cost 9-2 64 700 Overall Cost Summary 9-3 74 135 656 280 Direct materials Direct labor 1207 Totals 1,207 Manufacturing overhead Allocated Total Job Cost 440 Cost per DVD Data table Date Labor Time Record No. Description Amount 9/02 655 10 hours @ $16 per hour $ 160 9/03 656 20 hours @ $14 per hour 280 Materials Requisition Date No. 9/02 63 9/02 64 9/03 74 Description 25 lbs. acrylic plastic @ $28 per lb. 3 lbs. refined aluminum @$45 per lb. Amount 31 lbs. polycarbonate plastic @ $12 per lb. $ 372 700 135 Print Done me predetermined o 9/02 per DVD. Job Cost Record Job No. 423 Customer Name 9/03 Mat Requ Cyclorama Date Job Description 5,400 DVDs 9/02 Date Promised 9-5 Date Started 9-2 Date Completed 9-3 9/02 Direct materials Direct labor Manufacturing overhead allocated 9/03 Labor Time Requisition Date Number Amount Record Number Amount Date Rate Amount 9-3 120% of direct 9-2 832 9-2 63 372 655 $ 160 64 700 9-3 74 135 656 60 labor cost Overall Cost Summary 280 Direct materials 1207 Direct labor Totals 1,207 Manufacturing overhead Allocated Total Job Cost 440 Cost per DVD