Technology Co. manufactures DVDs for computer software and entertainment companies. Ye uses job order costing. On November 2, Ye began production of 5,200 DVDs, Job 423, for Prototype Pictures for $ 1.70 sales price per DVD. Ye promised to deliver the DVDs to Prototype Pictures by November 5. Ye incurred the following direct costs:

requirements :

Date	Labor Time Record No.	Description	Amount
11/02	655	10 hours @ $16 per hour		$160
11/03	656	20 hours @ $13 per hour		260

	Materials
	Requisition
Date	No.	Description	Amount
11/02	63	31 lbs. polycarbonate plastic @ $11 per lb.	$341
11/02	64	25 lbs. acrylic plastic @ $28 per lb.	700
11/03	74	3 lbs. refined aluminum @ $42 per lb.	126

requirement 2

Technology allocates manufacturing overhead to jobs based on the relation between estimated overhead of

$ 550,000 and estimated direct labor costs of $ 440,000 Job 423 was completed and shipped on November 3.

Requirement 1. Prepare a job cost record for Job 423. Calculate the predetermined overhead allocation rate; 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. (Round the cost per DVD to the nearest cent.)

Job Cost Record
Job No.	423
Customer Name		Prototype
Job Description		5,200 DVDs
Date Promised 11-5
	Direct materials
	Requisition
Date	Number	Amount
112	63	$341
112	64	700
113	74	126
Totals		$1,167

Date Started 11-2
Direct labor
Labor Time
Record
Number	Amount
655	$160
656	260
	$420

Date Completed 11-3
Manufacturing overhead allocated
Date	Rate		Amount

		of direct
	labor cost
Overall Cost Summary