Wharton Associates is a recently formed law partnership. Denise Peyton, the managing partner of Wharton Associates, has just finished a tense phone call with Gus Steger, president of Steger Enterprises. Gus strongly complained about the price Wharton 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 Wharton Associates to understand the costs associated with individual jobs? O A. Overstaffing any job would be detrimental to the company's bottom line. B. Pricing decisions are heavily influenced by reported cost numbers. OC. 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 Steger Enterprises and Bluestone Inc. jobs using Wharton'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 Wharton Associates is a recently formed law partnership. Denise Peyton, the managing partner of Wharton Associates, has just finished a tense phone call with Gus Steger, president of Steger Enterprises. Gus strongly complained about the price Wharton 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 Wharton Associates to understand the costs associated with individual jobs? O A. Overstaffing any job would be detrimental to the company's bottom line. B. Pricing decisions are heavily influenced by reported cost numbers. OC. 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 Steger Enterprises and Bluestone Inc. jobs using Wharton'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