Requirement 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. 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 manufacturing overhead to the job. Lastly, compute the total cost of Job 423 and the cost per DVD. Requirement 3. Journalize completion of the job and the sale of the 5,900 DVDs on account. (Record debits first, then credits. Exclude explanations from any journal entries.) Begin by preparing the entry to show the completion of the job. Next, journalize the revenue portion of the sale of Job 423. Finally, journalize the cost of goods portion of the sale. Requirement 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. (Record debits first, then credits. Exclude explanations from any journal entries.) Start by journalizing the use of direct materials. Next, journalize the use of direct labor. Now journalize the allocation of overhead to Job 423 . Yu Technology Co. manufactures DVDs for computer software and entertainment companies. Yu uses job order costing. On November 2, Yu began production of 5,900 DVDs, Job 423, for Stick People Pictures for $1.30 sales price per DVD. Yu promised to deliver the DVDs to Stick People Pictures by November 5. Yu incurred the following direct costs: (Click the icon to view the costs.) (Click the icon to view additional information.) Read the requirements. Requirement 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. Data table bb. Next, calculate the predetermined overhead allocation rate the cost per DVD. More info Yu Technology allocates manufacturing overhead to jobs based on the relation between estimated overhead of $600,000 and estimated direct labor costs of $480,000. Job 423 was completed and shipped on November 3. r and the allocation of manufacturing Requir purnal entries.)