Question Completion Status (20 marks) Fortisan Construction Company, a three-year-old business, provides contracting and construction services to a variety of clients. Given that each construction job is different from the others, Susan Byrd, the company's accountant, decided to use a job-order costing system to allocate costs to the different jobs. She decided to use construction labour hours as the basis for overhead allocation. In December 2018, she estimated the following amounts for the year 2019: Direct Materials 514,560.000 Construction Labour 159,800,000 Overhead 157,510,000 Construction Labour Hours 15500.000 Byrd recorded the following for the second quarter of 2019 for the three jobs that the company started and completed during the quarter. School Residential Cinema Direct Materials 15824.000 51014,600 151.425.000 Construction Labour Hours 156.400 17200 R 500 Requirements 1. Calculate the predetermined overhead allocation rate for 2018 and apply overhead to the three jobs. (8 marks) 2. Calculate the cost of each job. (12 marks) SE Wine