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. Description Amount 2-Apr 655 3-Apr 656 10 hours @$16 per hour 20 hours @ $15 per hour $160 300 Date Materials Requisition No. Description Amount 2-Apr 63 2-Apr 64 31 lbs. polycarbonate plastic @ $11 per lb. 25 lbs. acrylic plastic @ $29 per lb. $341 725 3-Apr 74 3 lbs. refined aluminum @$45 per lb. 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 Required: A. B. Calculate: i) Predetermines OH rate. ii) MOH costs allocated to Job 123. Prepare Job costs sheet using the following proforma: JOB COST RECORD Job Number Customer Job Description Date 2-Apr 123 Paradigm Pictures Producing 6,000 DVDs Direct Materials Requisition No. #63 $547,000 $410,000 Direct Labor Manufacturing Overhead Costs Date Labor Time Record No. Costs Date Rate Costs 2-Apr #655 3-Apr