Question: Please assist with C only ~ Thank You Problem 2 Ki Technology Co. manufactures DVDs for computer software and entertainment companies. Ki uses job order



Please assist with C only ~ Thank You
Problem 2 Ki Technology Co. manufactures DVDs for computer software and entertainment companies. Ki uses job order costing. On April 2, ki started working on Job 123 to produce 6,000 DVDs for Paradigm Pictures for $1.20 sales price per DVD. Ki promised to deliver the DVDs to Paradigm Pictures by April 5. Ki incurred the following direct costs: Date Labor Time Record No. 2-Apr 655 3-Apr 656 Description 10 hours @ $16 per hour 20 hours @ $15 per hour Amount $160 300 Date Materials Requisition No. 2-Apr 63 2-Apr 64 3-Apr 74 Description 31 lbs. polycarbonate plastic @ $11 per lb. 25 lbs. acrylic plastic @ $29 per lb. 3 lbs. refined aluminum @ $45 per ib. Amount $341 725 135 Manufacturing Overhead (MOH) allocation is based on Direct labor costs. Ki's estimated MMOH and estimated direct labor costs are as follows: Estimated MOH Estimated direct labor costs $547,000 $410,000 Required: A. Calculate: i) Predetermines OH rate. ii) MOH costs allocated to Job 123. 133% $613.71 B. Prepare Job costs sheet using the following proforma: 2-Apr 164 3-Apr 74 125 lbs. acrylic plastic @ $29 per lb. 3 lbs. refined aluminum @ $45 per Ib. 725 135 Manufacturing Overhead (MOH) allocation is based on Direct labor costs. Ki's estimated MMOH and estimated direct labor costs are as follows: Estimated MOH $547,000 Estimated direct labor costs $410,000 Required: 4. Calculate: i) Predetermines OH rate. ii) MOH costs allocated to Job 123. 133% $613.71 B. Prepare Job costs sheet using the following proforma: JOB COST RECORD Job Number Customer Job Description 123 Paradigm Pictures Producing 6,000 DVDs Direct Materials Requisition No. #63 #64 #74 Date 2-Apr 2-Apr 3-Apr Direct Labor Costs Date Labor Time Record No. $341 2-Apr #655 $725 $135 3-Apr #656 Costs $160 Manufacturing Overhead Date Rate Costs 3-Apr $455 300 $180.11 Cost Summary Direct Materials Direct Labor Manufacturing Overhead $1,201 $460 $614 $2,275 $0.38 Total Cost of Job 123 Unit Cost c. Journalize the followings: i) Total requisition for direct materials 11 Arment of direct labore Cost Summary Direct Materials Direct Labor Manufacturing Overhead $1,201 $460 $614 $2,275 $0.38 Total Cost of Job 123 Unit Cost C. Journalize the followings: i) Total requisition for direct materials ii) Assignment of direct labor cost iii) Allocation of MOH to Job 123 iv) Completion of Job 123 v) Sales of Job 123. - Solution: Date Apr. 3 Accounts Debit Credit . Total requisition of direct materials . Assignment of direct labor . Allocation of MOH Completion of Job 123 Recording sales on account Delivery of Job 123 to customer
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