X Data table Labor Time Date Record No. Description Amount 9/30 1896 12 hours at $16 192 10/3 1904 30 hours at $14 420 Materials Date Requisition No. Description Amount 9/30 437 60 lbs. rubber at $10 $ 600 10/2 439 40 meters polyester fabric at $12 $ 480 10/3 501 100 meters steel cord at $8 800 Print DoneFrugal 'I'Ire manufactures tires for all-terrain vehicles. Frugal uses job costing and has a perpetual inventory system. On September 22. Frugal received an order for 100 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. Frugal began production on September 30 and incurred the following direct labor and direct materials costs in completing the order: 3(Click the icon to view the costs.) Frugal allocates manufacturing overhead to jobs on the basis of the relation between expected overhead costs ($546:000) and expected direct labor hours (21.000). Job 298 was completed on October 3 and shipped to ATV on October 5. Read the muirements. Requirement 1. Prepare a job cost record for Job 298. Calculate the predetermined overheac rate, then apply manufacturing overhead to thejob. 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 rcvlr according to date. If an input eld is not used in the table, leave the input field empty; do not enter a zero.) Job Cost Record Job No. 298 Customer Name ATV Corporation Job Description 100 TX tires Direct Materials Direct Labor Manufacturing Overhead Allocated Labor Time Requisition Record Date Number Amount Number Amount Date Rate Amount 20XX per direct labor hr. U Overall Cost Summary Direct Materials Direct Labor Manufacturing Overhead Allocated IU UH Requisition Record Date Number Amount Number Amount Date Rate Amount 20XX l per direct labor hr. I Overall Cost Summary I Direct Materials I Direct Labor | Allocated Manufacturing Overhead Total Job Cost Requirement 2. Calculate the total prot and the per-unit prot for Job 298. {Round your answer to two decimal places.) Job 298 Sales Less: Cost ofjob Total profit on job Number of tires Per-unit prot