Princeton Computer Company uses a job order costing system in which each batch manufactured is a different job. Princeton Computer Company assigns direct materials and direct labor to each job. The company assigns labor costs at $28 per hour. It allocates manufacturing 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, Princeton 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 Princeton Computer Company's predetermined overhead (OH) allocation rate for 2024 Estimated OH costs S 520,000 Estimated direct labor costs 1,300,000 Predetermined OH allocation rate 40 00 % Requirement 2. Compute the total cost of each job Direct materials Direct labor Manufacturing overhead Total cost Job 721 Job 722 21700 2800 Data table Job 721 Job 722 Direct labor hours 840 hours 50 hours Direct materials $ 21,700 $ 2,800 Print Done X