4 Case Construction Company, a three-year-old business, provides contracting and construction services to a variety of clients. Given that each construction job is different from any other, company accountant Susan Kalagnanam decided that it was best to use a job- order costing system to allocate costs to the different jobs. She decided to use construction labour-hours as the basis for overhead allocation. In December 2020, she estimated the following amounts for the year 2021: 01:59:09 Direct materials Construction labour Overhead Construction labour-hours eBook $10,192,000 5,250,000 3,334,700 350,000 Kalagnanam recorded the following for the first quarter of 2021 for the three jobs that the company started and completed during the quarter: Direct materials Construction labour-hours School $573,250 47,200 Residential Cinema $687,900 $1,031,850 28,000 12,200 Required: 1. Compute the cost of each job using the current system of cost allocation. (Round intermediate calculations to 2 decimal places.) School Residential Cinema Direct Material Construction Labour Overhead Total cost $ 0 $ 0 $ 0 4 2. Tyler Case, the company's CEO, recently returned from a seminar on activity-based costing and instructed Kalagnanam to consider implementing the new system. As a first step, he instructed her to analyze the overhead costs for 2021. Through her research she was able to derive the following breakdown of the estimated overhead costs for 2021: Activity Activity 01:58:55 Foundation laying Building construction Painting $ Finishing Amount 884,700 700,000 700,000 1,050,000 Activity Measure Volume Foundation-laying hours 294,900 Construction labour-hours 350,000 Painting-hours Finishing-hours 400,000 525,000 eBook She also documented the following activity on the three jobs during the first quarter of 2021 (in addition to the construction labour- hours consumed by the three jobs): Foundation-laying hours Painting-hours Finishing-hours Schfool Residential Cinema 37,760 52,800 27,300 36,580 33,000 43,660 46,200 40,950 68,250 a. Calculate the activity rates for each of the four activities. (Round your answers to 2 decimal places.) Activity Rate Activity Foundation laying Building construction Painting Finishing per FLH per CLH per PH per FH C 0 4 Saved SCOTOOL esidential Cinema Foundation-laying hours 37,760 36,580 43,660 52,800 33,000 46,200 27,300 40,950 68,250 Painting-hours Finishing-hours a. Calculate the activity rates for each of the four activities. (Round your answers to 2 decimal places.) 01:58:45 Activity Foundation laying Building construction eBook Painting Finishing Activity Rate per FLH per CLH per PH per FH Help Save & Exi b. Calculate the total cost of each job using activity-based costing. (Do not round intermediate calculations and round your final answers nearest to whole number.) Total cost School Residential Cinema 3. This part of the question is not part of your Connect assignment. O