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 02:46:01 Direct materials construction labour Overhead construction labour-hours $18, 192, 020 5,250,000 B, 334,700 35elleee eBook 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 $687, 900 28, een cinema $1,031, 850 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 S 0 $ 0 S 0 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 Foundation laying Building construction Painting Finishing Amount 884,700 780,000 7ee, eee 1,050,000 Activity Measure Foundation-laying hours construction labour-hours Painting-hours Finishing-hours Activity Volume 294,900 350,000 400,000 525,000 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; 02:45:24 $ Activity Foundation laying Building construction Painting Finishing Amount 884, 700 700,000 700,000 1, ese, een Activity Measure Foundation-laying hours construction labour-hours Painting-hours Finishing-hours Activity Volume 294,900 350,000 400,000 525,000 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 37,760 52,800 27,300 Residential 36,580 33,000 40,950 Cinema 43,660 46,20 68,25 a. Calculate the activity rates for each of the four activities. (Round your answers to 2 decimal places.) Activity Rate per FLH Activity Foundation laying Building construction Painting Finishing per CLH Iper PH per FH 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.) School Residential Cinema Total cost