Superior Tire manufactures tires for all-terrain vehicles, Superior uses job costing and has a perpetual inventory system. On April 22, Superior received an order for 150 TX tires from ATV Corporation at a price of $90 each. The job, assigned number 298, was promised for May 10. After purchasing the materials, Superior began production on April 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 (5490,000) and expected direct labor hours (17,500). Job 298 was completed on May 3 and shipped to ATV on May 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 order of direct materials, direct labor, and allocated manufacturing overhead. Then prepare the overall cost summary. (List the datos 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 150 TX tires Date Promised 5-10 Date Started 4:30 Date Completed 53 Direct Materials Direct Labor Manufacturing Overhead Allocated Labor Time Choose from any list or enter any number in the input fields and then continue to the next question mpeted on May 3 and shipped to ATV on May 5. Read the requirements Job Description 150 TX tires Date Promised 5-10 Date Started 4-30 Direct Materials Date Completed 5-3 Manufacturing Overhead Allocated Direct Labor Labor Time Requisition Record Date Number Amount Number Amount Date Rate Amount 20XX per direct labor hr. Overall Cost Summary Direct Materials Direct Labor Manufacturing Overhead Allocated Choose from any list or enter any numher in the innuit find and completed on May 3 and shipped to ATV on May 5. Read the requirements Overall Cost Summary Direct Materials Direct Labor Manufacturing Overhead Allocated Totals Total Job Cost Requirement 2. Calculate the total profit and the por-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 Choose from any list or enter any number in the input fields and then continue to the next question. Job 298. then apply m i Requirements puting the pred 1. Prepare a job cost record for Job 298. 2. Calculate the total profit and the per-unit profit for Job 298. t materials, according Il cost summary table leave the Print Done Date Started 4-30 Date Completed 5-3 Direct Labor Manufacturing Overhead Allocated Labor Time cles. Superior uses job costing and has a perpetual inventory system. On April 22, Superio med number 298, was promised for May 10. After purchasing the materials, Superior began completing the order: dir Data Table Date Labor Time Record No. Description Amount 4/30 1896 12 hours at $20 $ 240 the 5/3 1904 30 hours at $16 $ 480 Materials Requisition ate ca sum Date No. Amount eave 4/30 437 $ 720 Description 60 lbs. rubber at $12 40 meters polyester fabric at $14 100 meters steel cord at $10 5/2 439 $ 560 5/3 501 $ 1,000 Da Print Done Labor Time