Ki Technology Co$.$ manufactures CDs and DVDs for computer software and entertainment companies. Ki uses job order costing. On September $2,$ Ki began production of $5,400$ DVDs$,$ Job $423,$ for Stick People Pictures for $$1\mathrm{.}80$ sales price per DVD$.$ Ki promised to deliver the DVDs to Stick People Pictures by September $5.$ Ki incurred the following costs: $($Click the icon to view the costs.$)$

Ki Technology allocates manufacturing overhead to jobs based on the relation between estimated overhead of $$559,000$ and estimated direct labor costs of $$430,000.$ Job $423$ was completed and shipped on September $3.$

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.$)$

$\backslash$table$[[$Job Cost Record,$],[$Job No$.423,],[$Customer Name,Stick People$],[$Job Description,$5,400$ DVDs$]]$

$\backslash$table$[[$Date Promised $9-5],[,$Direct materials$],[$Date$,\backslash$table$[[$Requisition$],[$Number$]],,],[9-2,63,$$$,372],[9-2,64,,700],[9-3,74,,126]]$

Ki Technology Co$.$ manufactures CDs and DVDs for computer software and entertainment companies. Ki uses job order costing. On September $2,$ Ki began production of $5,400$ DVDs$,$ Job $423,$ for Stick People Pictures for $$1\mathrm{.}80$ sales price per DVD$.$ Ki promised to deliver the DVDs to Stick People Pictures by September $5.$ Ki incurred the following costs: $($Click the icon to view the costs.$)$

Ki Technology allocates manufacturing overhead to jobs based on the relation between estimated overhead of $$559,000$ and estimated direct labor costs of $$430,000.$ Job $423$ was completed and shipped on September $3.$

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.$)$

$\backslash$table$[[$Job Cost Record,$],[$Job No$.423,],[$Customer Name,Stick People$],[$Job Description,$5,400$ DVDs$]]$