BRIEF EXERCISE 3-2 Using Job-Order Costing Documents [LO2- CC4] Cycle Gear Corporation has incurred the following costs on job W456, an order for 20 special sprockets to be delivered at the end of next month: Direct materials: On April 10, requisition number 15673 was issued for 40 titanium blanks to be used in the special order. The blanks cost $15 each. On April 11, requisition number 15678 was issued for 420 hardened nibs also to be used in the special order. The nibs cost $1.25 each. Direct labour: On April 12, Jamie Unser worked from 11:00 a.m. until 2:45 p.m. on job W456. He is paid $12.60 per hour. On April 18, Melissa Chan worked from 8:15 a.m. until 11:30 a.m. on job W456. She is paid $13.20 per hour. Required: 1. On what documents would these costs be recorded? 2. How much cost should have been recorded on each of the documents for job W456? . During the month of December 2016. it completed one job (reference number: KS 2016-337); records pertaining to this job are as follows: 2/12/1 M-3316 6 $ 890 4/12/1 L-4423 6 230 11/12/L-4437 16 530 13/12/ M-3399 16 1,750 20/12/ M-3407 16 200 22/12/ L-4509 16 700 The documents with the references M and L pertain to direct materials and direct labour, respectively. BUI currently allocates overhead using direct labour cost as the allocation base. For the year 2016, it estimated $590,000 as the overhead amount and $472,000 for direct labour costs. Required: 1. Compute the overhead allocation rate for 2016, 2. Compute the total costs of the job (show direct materials, direct labour, and overhead as separate line items) 3. Prepare a job cost sheet for job KS 2016-337 (use Exhibit 3-4 as a guide)