Superior Tire manufactures tires for all-terrain vehicles. Superior uses job costing and has a perpetual inventory system. On September 22, Superior received an order for 140 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, Superior began production on September 30 and incurred the following direct labor and direct materials costs in completing the order: (Click the icon to view the costs.) Superior 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 October 3 and shipped to ATV on October 5. Read the requirements. 0 Data Table - X Requirement 1. Prepare a job Calculate the predetermined ovl pula and computing the predetermined overhead rate. Date 9/30 Labor Time Record No. 1896 1904 Description 12 hours at $20 30 hours at $16 Amount $ 240 $ 480 10/3 Materials Complete the job cost record in records in the correct row accor are the overall cost summary. (List the dates in chronological order. Enter the labor time Jave the box empty, do not enter a zero.) Job Cost Record Date Amount 840 9/30 Requisition No. 437 439 5 01 Job No. 298 Customer Name Job Description Description 60 lbs. rubber at $14 40 meters polyester fabric at $12 100 meters steel cord at $8 480 ATVI 1401 10/2 10/ 3 $ 800 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 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. Complete only necessary answer boxes. If a box is not used in the table leave the box empty, do not enter a zero.) Job Cost Record Job No. 298 Customer Name ATV Corporation Job Description 140 TX tires Date Promised 10-10 Direct Materials Date Started 9-30 Date Completed 10-3 Manufacturing Overhead Allocated Direct Labor Labor Time Requisition Number Record Number Date Amount Amount Date Rate Amount 20XX O per direct labor hr. Overall Cost Summary Direct Materials Direct Labor Manufacturing Overhead Complete the job cost record in order of direct materials, direct labor, and allocated manufacturing overhead. Then prepare records in the correct row according to date. Complete only necessary answer boxes. If a box is not used in the table leave Job Cost Record Job No. 298 Customer Name Job Description Date Promised 10-10 ATV Corporation 140 TX tires Date Started 9-30 Date Completed 10-3 Manufacturing Overhead Allocated Direct Materials Direct Labor Requisition Labor Time Record Number Date Number Amount Amount Date Rate Amount 20XX per direct labor hr. Overall Cost Summary Direct Materials Direct Labor Manufacturing Overhead Allocated Totals Total Job Cost Superior Tire manufactures tires for all-terrain vehicles. Superior uses job costing and has a perpetual inventory system. On September 22, Superior received an order for 140 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, Superior began production on September 30 and incurred the following direct labor and direct materials costs in completing the order: (Click the icon to view the costs.) Superior 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 October 3 and shipped to ATV on October 5. Read the requirements. 0 Data Table - X Requirement 1. Prepare a job Calculate the predetermined ovl pula and computing the predetermined overhead rate. Date 9/30 Labor Time Record No. 1896 1904 Description 12 hours at $20 30 hours at $16 Amount $ 240 $ 480 10/3 Materials Complete the job cost record in records in the correct row accor are the overall cost summary. (List the dates in chronological order. Enter the labor time Jave the box empty, do not enter a zero.) Job Cost Record Date Amount 840 9/30 Requisition No. 437 439 5 01 Job No. 298 Customer Name Job Description Description 60 lbs. rubber at $14 40 meters polyester fabric at $12 100 meters steel cord at $8 480 ATVI 1401 10/2 10/ 3 $ 800 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 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. Complete only necessary answer boxes. If a box is not used in the table leave the box empty, do not enter a zero.) Job Cost Record Job No. 298 Customer Name ATV Corporation Job Description 140 TX tires Date Promised 10-10 Direct Materials Date Started 9-30 Date Completed 10-3 Manufacturing Overhead Allocated Direct Labor Labor Time Requisition Number Record Number Date Amount Amount Date Rate Amount 20XX O per direct labor hr. Overall Cost Summary Direct Materials Direct Labor Manufacturing Overhead Complete the job cost record in order of direct materials, direct labor, and allocated manufacturing overhead. Then prepare records in the correct row according to date. Complete only necessary answer boxes. If a box is not used in the table leave Job Cost Record Job No. 298 Customer Name Job Description Date Promised 10-10 ATV Corporation 140 TX tires Date Started 9-30 Date Completed 10-3 Manufacturing Overhead Allocated Direct Materials Direct Labor Requisition Labor Time Record Number Date Number Amount Amount Date Rate Amount 20XX per direct labor hr. Overall Cost Summary Direct Materials Direct Labor Manufacturing Overhead Allocated Totals Total Job Cost