Timlin Associates is a recently formed law partnership. Dara Hayes, the managing partner of Timlin Associates, has just finished a tense phone call with Max Jabar, president of Jabar Enterprises. Max strongly complained about the price Timlin charged for some legal work done for his company. (Click the icon to view additional information.) Read the requirements. Requirement 1. Why is it important for Timlin Associates to understand the costs associated with individual jobs? OA. Overstaffing any job would be detrimental to the company's bottom line. B. Pricing decisions are heavily influenced by reported cost numbers. 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 Jabar Enterprises and Centura Inc. jobs using Timlin's simple costing system. (Abbreviation used: prof. = professional.) Begin by determining the formula used to calculate the direct costs for each job. x = Direct costs of job Now determine the formula used to calculate the indirect costs for each job. x Now compute the cost of the jobs using the simple costing system. Jabar Enterprises Centura Inc. Direct professional labor Indirect costs allocated Total = Indirect costs allocated to job C