Microsoft Corporation uses job costing for its software development projects. In November 2033, the company undertakes three projects with the following costs:

• Project X: Time costs $2,000,000, Material costs $500,000
• Project Y: Time costs $2,500,000, Material costs $600,000
• Project Z: Time costs $2,200,000, Material costs $550,000

Required:

• Calculate the total job costs for each project.
• Allocate time costs based on hourly rates of $200 per hour for Project X, $250 per hour for Project Y, and $220 per hour for Project Z.
• Determine the total cost per hour of service delivered under each project.