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 companys 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 Construction labour Overhead Construction labour-hours $14,560,000 $10,200,000 $7,900,000 500,000 Byrd recorded the following for the second quarter of 2022 for the three jobs that the company started and completed during the quarter. School Direct materials Construction labour-hours $824,000 66,400 Residential $1,034,600 37,200 Cinema $1,425,000 18,500

Required:

1. Compute the predetermined overhead allocation rate for 2022 and apply overhead to the three jobs

2. Compute the cost of each job.