Yu Technology Co. manufactures DVDs for computer software and entertainment companies. Yu uses job order costing. On September 2, Yu began production of 5,700 DVDs, Job 423, for Portrait Pictures for $1.70 sales price per DVD. Yu promised to deliver the DVDs to Portrait Pictures by September 5. Yu incurred the following direct costs: i (Click the icon to view additional information.) (Click the icon to view the costs.) Read the requirements. Requirement 1. Prepare a job cost record for Job 423. Calculate the predetermined overhead allocation rate (round to two decimal places); 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. Job Cost Record Job No. 423 Customer Name Portrait Job Description Date Promised 9-5 5,700 DVDs Direct materials Requisition Date Number Amount Data table Date Labor Time Record No. Description Amount 9/02 655 9/03 656 10 hours @ $14 per hour $ 20 hours @ $13 per hour 140 260 9-2 63 341 9-2 64 675 Materials Requisition 9-3 74 144 Date No. Description Amount 9/02 63 31 lbs. polycarbonate plastic @ $11 per lb. $ 341 9/02 64 25 lbs. acrylic plastic @ $27 per lb. 675 9/03 74 3 lbs. refined aluminum @ $48 per lb. 144 Totals Print Done - X More info Yu Technology allocates manufacturing overhead to jobs based on the relation between estimated overhead of $600,000 and estimated direct labor costs of $480,000. Job 423 was completed and shipped on September 3. Requirements Print Done 1. Prepare a job cost record for Job 423. Calculate the predetermined overhead allocation rate (round to two decimal places); then allocate manufacturing overhead to the job. 2. Journalize in summary form the requisition of direct materials and the assignment of direct labor and the allocation of manufacturing overhead to Job 423. Wages are not yet paid. 3. Journalize completion of the job and the sale of the 5,700 DVDs on account