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. Job Cost Record Job No. 423 Customer Name Integration Requirement 2. Journalize in summary form the requisition of direct materials and the assignment of direct labor and the allocation of manufacturing overnead 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. Next, journalize the use of direct labor. Now journalize the allocation of overhead to Job 423. Requirement 3. Journalize completion of the job and the sale of the 5,300 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. More info White Technology allocates manufacturing overhead to jobs based on the relation between estimated overhead of $625,000 and estimated direct labor costs of $500,000. Job 423 was completed and shipped on April 3. Data table 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. Job Cost Record Job No. 423 Customer Name Integration Requirement 2. Journalize in summary form the requisition of direct materials and the assignment of direct labor and the allocation of manufacturing overnead 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. Next, journalize the use of direct labor. Now journalize the allocation of overhead to Job 423. Requirement 3. Journalize completion of the job and the sale of the 5,300 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. More info White Technology allocates manufacturing overhead to jobs based on the relation between estimated overhead of $625,000 and estimated direct labor costs of $500,000. Job 423 was completed and shipped on April 3. Data table
