Porcelain Computer Company uses a job order costing system in which each batch manutactured is a differentjob. Porcelain Computer Company assigns direct materials and direct labor to each job. The company assigns labor costs at $15 per hour. It allocates manufacturing overhead tojobs based on a predetermined overhead allocation rate. computed as a percentage oi direct labor costs. At the beginning of 2024. the controller prepared the following budget: g (Click the Icon to View the budget.) In November 2024. Porcelain Computer Company worked on several jobs. Records for two jobs appear here: Q (Click the Icon to View the records for the two Jobs.) Read the @uirements. Requirements Requirement 1. Compute Porcelain Computer Company's predetermined overhead (0H) allocation rate for 2024. + = Predeterrnined 0H allocation rate . Compute Porcelain Computer Company's predetermined overhead allocation ' rate tor 2024. '1' = ' % . Compute the total cost at each job. Requirement 2. Compute the total cost of each job. - Why does Porcelain assign oosts [0101757 Job 721 Job 722 Total cost Requirement 3. Why does Porcelain assign costs to jobs? Porcelain Computer Company assigns costs tojobs to help the company V that cover all costs and contribute to prot. Assigning costs to V also can help Porcelain V . Data table Data table Manufacturing overhead $ 250,000 Job 721 Job 722 Direct labor cogs 5 1,250,000 Direct labor hours 830 hours 40 hours ct materials $ 23,000 $ 2,100