overhead to jobs based on a predetermined overhead allocation rate, computed as a percentage of direct labor costs. At the beginning of $2024,$ the controller prepared the following budget:

$($Click the icon to view the budget.$)$

In November $2024,$ Phyllo Computer Company worked on several jobs. Records for two jobs appear here:

$($Click the icon to view the records for the two jobs.$)$

Read the requirements.

Requirement $1.$ Compute Phyllo Computer Company's predetermined overhead $($OH$)$ allocation rate for $2024.$

Data table

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Requirement $2.$ Compute the total cost of each job.

Requirements

Compute Phyllo Computer Company's predetermined overhead allocation rate

for $2024.$

Compute the total cost of each job.

Why does Phyllo assign costs to jobs?