st 2 B | 5 K Wright Associates is a recently formed law partnership. Dara Higgins, the managing partner of Wright Associates, has just finished a tense phone call with John Parker, president of Parker Enterprises. John strongly complained about the price Wright charged for some legal work done for his company. i (Click the icon to view additional information.) Read the requirements. Requirement 1. Why is it important for Wright Associates to understand the costs associated with individual jobs? A. Pricing decisions are heavily influenced by reported cost numbers. B. Overstaffing any job would be detrimental to the company's bottom line. C. Operating at or above capacity for the company lowers overall costs to individual jobs. OD. All of the above. Requirement 2. Compute the costs of the Parker Enterprises and Magnet Inc. jobs using Wright's simple costing system. (Abbreviation used: prof. = professional.) Begin by determining the formula used to calculate the direct costs for each job. = Direct costs of job