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Timain Associates is a recently formed law partnership. Rachel Hamilion, the managing partner of Timlin Associates, has iust frished a tense phone call with Phit Lopez, president of Lopoz Enterprises. Phil strongy complained about the price Timlin charged for some legal work done for his company. (Click the icon to viow additional information.) Read the requipments. Requirement 1. Why is it important for Timlin Associates to understand the costs associated with individual jobs? A. Operating at or above capacty for the company lowect overali costs to individuat jabs. B. Pricing decisions ace neavily infunonced by reported cost numbers. c. Orentalfing any job would be detrimental to the company's bottom ine B. Al of the above fiegin by determining the formula used to calculate the direct costs for each job Requirements 1. Why is it important for Tintin Associves to understand the coats associatsd with individuat jobes? 2. Compule the conts of the Loper Entarprises and Cinical inc; jobe using Timplint ilimple costing syntem More info Hamiton also received o phone call from rimimis only other clent, clinical inc. Which was very pleased with boeh the quality of the work and the price charges on its most recent j ib: Trmin Associates eperases at capacily and uses a cost based approach by pricing (biling) each pb. Curency it useis as timple cosing systemt with a pool (general support) infiect costr are allocated to cases on ithe basis of protentional labonhours per case The po thes show the follewing