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$14,470,000Construction labour$9,700,000Overhead$4,850,000Construction labour-hours388,000

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

SchoolResidentialCinemaDirect materials$2,894,000$2,170,500$4,341,000Construction labour-hours66,80033,40016,700

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.)