Requirements 1. Identify the components of the overview diagram of Lincoln's job-costing system. 2. Compute the 2020 budgeted direct-cost rate per hour of professional labor. 3. 4. Compute the 2020 budgeted indirect-cost rate per hour of professional labor. Lincoln & Associates is considering bidding on two jobs: a. Litigation work for Richardson, Inc., which requires 110 budgeted hours of professional labor. b. Labor contract work for Punch, Inc., which requires 170 budgeted hours of professional labor. Prepare a cost estimate for each job.