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 ajob 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 $14,560,000 Construction labour 10,200,000 Overhead 7,900,000 Construction labour-hours 500,000 Kalagnanam recorded the following for the first quarter of 2021 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 , 400 37 , 200 18 , 500 [ Required: 1. Compute the cost of each job using the current system of cost allocation. (Do not round intermediate calculations.) Direct Material Construction Labour Overhead Total cost 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 Amount Activity Measure Volume Foundation laying $ 1,830,500 Foundation-laying hours 425,700 Building construction 1,740,000 Construction labour-hours 500,000 Painting 1,892,000 Painting-hours 550,000 Finishing 2,437,500 Finishing-hours 750,000 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): Schfool Residential Cinema Foundation-laying hours 39,550 38,500 44,250 Painting-hours 49,380 36,120 47,660 Finishing-hours 41,460 60,600 94,000 3. Calculate the activity rates for each of the four activities. (Round your answers to 2 decimal places.) 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