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Tu Technology Co. manufactures DVDs for computer software and entertainment companies. Tu uses job order...

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Accounting

Tu Technology Co. manufactures DVDs for computer software and entertainment companies. Tu uses job order costing. On September 2, Tu began production of 5,900 DVDs, Job 423, for Diorama
Pictures for $1.40 sales price per DVD. Tu promised to deliver the DVDs to Diorama Pictures by September 5. Tu incurred the following direct costs:
(Click the icon to view the costs.)
(i)(Click the icon to view additional information.)
Read the requirements.
More info
Data table
Tu Technology allocates manufacturing overhead to jobs based on the relation
between estimated overhead of $564,000 and estimated direct labor costs of
$470,000. Job 423 was completed and shipped on September 3.
Requirements
Prepare a job cost record for Job 423. Calculate the predetermined overhead
allocation rate (round to two decimal places); then allocate manufacturing
overhead to the job.
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.
Journalize completion of the job and the sale of the 5,900 DVDs on account.
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