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Yu Technology Co manulactures DVDs for computer software and entertainment companias. Yu uses job order. costing. On June 2. Yu bepan production of 5.500 DVDs

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Yu Technology Co manulactures DVDs for computer software and entertainment companias. Yu uses job order. costing. On June 2. Yu bepan production of 5.500 DVDs Jab 423, for Panorama Pictures for 51.30 sales price per DVD. Yu promised to defver the DVDs to Panorama Pictures by June 5. Yu incurred the following direct costs. Requirement 1. Prepare a jab cost record for Job 423 Calculate the predetermined ovehead allocasion rate (round to two decimal places), then alocate manufacturing overtead to the job Begin by determining the total amount of direct materials and direct labor incured on the job. Nent, calculate the predetemined overtiead allocation rate and apply manufacturing overhead to the job. Lasty, compote the total cost of Job 423 and the cast per DVD. Yu Technology Co. manufactures DVDs for computer software and entertainment companies. Yu uses job order costing. On June 2, Yu began production of 5,500 DVDs, Job 423, for Panorama Pictures for $1.80 sales price per DVD. Yu promised to deliver the DVDs to Panorama Pictures by June 5. Yu incurred the following direct costs: Requirement 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. (Record debits first, then credits. Exclude explanations from any journal entries.) Start by joumalizing the use of direct materials. Next, journalize the use of direct labor. Now journalize the allocation of overhead to Job 423 Requirement 3. Journalize completion of the job and the sale of the 5.500 DVDs on account. (Record debits first, then credits. Exclude explanations from any journal entries.) Begin by preparing the entry to show the completion of the job. Next, journalize the revenue portion of the sale of Job 423 . Finally, journalize the cost of goods portion of the sale. Data table More info Yu Technology allocates manufacturing overhead to jobs based on the relation between estimated overhead of $564,000 and estimated direct labor costs of $470,000. Job 423 was completed and shipped on June 3

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