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Pithe Computer Company uses a job order costing system in which each batch manufactured is a different job. Pithe Computer Company assigns direct materials and direct labor to each job. The company assigns labor costs at $28 per hour. It allocates manufacturing overhead to jobs based on a predetermined overhead allocation rate, computed as a percentage of direct labor costs. At the beginning of 2024, the controller prepared the following budget: (Click the icon to view the budget.) * Data Table In November 2024, Pithe Computer Company worked on several jobs. Records for two jobs appear here: (Click the icon to view the records for the two jobs.) Read the requirements. Manufacturing overhead S 351,000 Requirement 1. Compute Pithe Computer Company's predetermined overhead (OH) allocation rate for 2024. Direct labor costs S 1,170,000 Estimated OH costs + Estimated direct labor costs Predetermined OH allocation rate 351,000 1,170,000 30 Print Done % Requirement 2. Compute the total cost of each job. Job 721 Job 722 Data Table Direct materials 20,600 2,400 Direct labor hours 830 20 Manufacturing overhead Job 721 Job 722 Direct labor hours 830 hours 20 hours Total cost Direct materials $ 20,600 $ 2,400 Requirement 3. Why does Pithe assign costs to jobs? Print Done Choose from any list or enter any number in the input fields and then continue to the next