Requirements A job costing After purcha 1. Prepare a job cost record for Job 298. 2. Calculate the total profit and the per-unit profit for Job 298. Dat Print Done 9/30 1896 12 hours at $14 $ 67 168 10/3 1904 30 hours at $16 69 $ 480 Date Materials Requisition No. Description Amount 9/30 437 60 lbs. rubber at $12 $ 720 10/2 439 40 meters polyester fabric at $10 $ 400 10/3 501 100 meters steel cord at $8 EA 800 Print Done - X Best Tire manufactures tres for all-terrain vehicles. Best uses job costing and has a perpetual inventory system. On September 22, Best received an order for 180 TX tires from ATV Corporation at a price of $90 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 loon to view the costs) Best 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 208 was completed on October 3 and shipped to ATV on October 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. Predetermined overhead rate per hour Complete the job cost record in onder of direct materials, direct labor, and allocated manufacturing overhead. Then prepare the overall cost summary (ust 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. 200 Customer Name Job Description ATV Corporation 100 TX res Data Promised 10-10 Date Started 9-30 Date Completed 10-3 Drect Materials Direct Labor Manufacturing Overhead Allocated Direct Materials Direct Labor Manufacturing Overhead Allocated Labor Time Requisition Record Date Number Amount Number Amount Date Rate Amount 20XX per direct labor hr. Overall Cost Summary Totals Direct Materials Direct Labor Manufacturing Overhead Allocated Total Job Cost Requirement 2. Calculate the total profit and the per-unit profit for Job 298. (Round your answer to two decimal places.) Requirement 2. Calculate the total profit and the per-unit profit for Job 298. (Round your answer to two decimal places.) Job 298 Sales Less: Cost of job Total profit on job Number of tires Per-unit profit