Lincoln & Associates is a law firm specializing in labor relations and employee$-$related work. It employs $20$ professionals $(2$ partners and $18$ associates$)$ who work directly with its clients. The average budgeted total compensation per professional for $2020$ is $$115,000.$ Each professional is budgeted to have $1,250$ billable hours to clients in $2020.$ All professionals work for clients to their maximum $1,250$ billable hours available. All professional labor costs are included in a single direct$-$cost category and are traced to jobs on a per$-$hour basis. All costs of Lincoln & Associates other than professional labor costs are included in a single indirect$-$cost pool $($legal support and are allocated to jobs using professional labor$-$hours as the allocation base. The budgeted level of indirect costs in $2020$ is $$2,000,000$

prepare a cost estimate for the richardson, inc. job, which requires $90$ budgeted hours of professional labor and for the Punch, inc. job, which requires $145$ budgeted hours of professional labor