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: Direct materials Construction labour Overhead Construction labour-hours $10,774,400 5,735,000 4,181,950 370,000 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 $606,000 49,950 Residential Cinema $727,200 29,600 $1,090,800 12,900 Required: 1. Compute the cost of each job using the current system of cost allocation. (Round intermediate calculations to 2 decimal places.) Direct Material Construction Labour Overhead Total cost School Residential Cinema $ 0 $ 0 $ 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 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 Foundation laying Building construction Amount Activity Measure Volume $ 1,090,950 925,000 Foundation-laying hours 311,700 Painting Finishing 945,000 1,221,000 Construction labour-hours Painting-hours Finishing hours 370,000 420,000 555,000 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 39,900 38,660 46,100 55,440 34,600 48,500 28,060 43,290 72,150 a. Calculate the activity rates for each of the four activities. (Round your answers to 2 decimal places.) Activity Foundation laying Building construction Painting Finishing Activity Rate per FLH per CLH per PH per FH b. Calculate the total cost of each job using activity-based costing. (Do not round intermediate calculations and round your final b. Calculate the total cost of each job using activity-based costing. (Do not round intermedinte 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.