Classic Technology Co. manufactures CDs and DVDs for computer software and entertainment companies. Classic uses job order costing. On June 2, Classic began production of 5,200 DVDs, Job 423, for Diorama Pictures for $1.40 sales price per DVD. Classic promised to deliver the DVDs to Diorama Pictures by June 5. Classic incurred the following costs: (Click the icon to view the costs.) Classic 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 June 3. Read the requirements. 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.) Classic Technology Co. manufactures CDs and DVDs for computer software and entertainment companies. Classic uses job order costing. On June 2, Classic began production of 5,200 DVDs, Job 423, for Diorama Pictures for $1.40 sales price per DVD. Classic promised to deliver the DVDs to Diorama Pictures by June 5. Classic incurred the following costs: Data table Requirements 1. Prepare a job cost record for Job 423. Calculate the preotermined overhead allocation rate; then allocate manufacturing overhead to sine 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 5,200 DVDs on account