0 Data Table - X Manufacturing overhead Direct labor costs $ $ 315,000 900,000 Print Done 0 Data Table Direct labor hours Direct materials Job 721 830 hours $ 22,300 Job 722 50 hours 2,600 $ Print Done Pierpont Computer Company uses a job order costing system in which each batch manufactured is a different job. Pierpont Computer Company assigns direct materials and direct labor to each job. The company assigns labor costs at $18 per hour. It allocates manufacturing overhead to jobs based on a predetermined overhead allocation rate, computed as a percentage of direct labor costs. At the beginning of 2020, the controller prepared the following budget: 2 (Click the icon to view the budget.) In November 2020, Pierpont Computer Company worked on several jobs. Records for two jobs appear here: (Click the icon to view the records for the two jobs.) Read the requirements. Requirement 1. Compute Pierpont Computer Company's predetermined overhead (OH) allocation rate for 2020. = Predetermined OH allocation rate ole Requirement 2. Compute the total cost of each job. Job 721 Job 722 Total cost Requirement 3. Why does Pierpont assign costs to jobs? Pierpont Computer Company assigns costs to jobs to help the company that cover all costs and contribute to profit. Assigning costs to y also can help Pierpont