Kelly 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 : 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.) \begin{tabular}{|l|l|} \hline & \begin{tabular}{c} Overhead \\ applied \end{tabular} \\ \hline School & \\ \hline Residential & \\ \hline Cinema & \\ \hline \end{tabular}