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 the others, Susan Byrd$,$ the company$$s accountant, decided 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 $2021,$ she estimated the following amounts for the year $2022$:

Direct materials $ $14,560,000$

Construction labour $ $10,200,000$

Overhead $ $7,900,000$

Construction labour$-$hours $500,000$

Byrd recorded the following for the second quarter of $2022$ for the three jobs that the company started and completed during the quarter.

School Residential Cinema

Direct materials $ $824,000$ $ $1,034,600$ $ $1,425,000$

Construction labour$-$hours $66,40037,20018,500$

Required:

$1.$ Compute the predetermined overhead allocation rate for $2022$ and apply overhead to the three jobs. $($Round your "Predetermined overhead allocation rate" to $2$ decimal places.$)$

$2.$ Compute the cost of each job. $($Do not round intermediate calculations.$)$