1. Compute the total cost for each job using activity-based costing. The cost of direct labor is $28 per hour. 2. Is the job cost greater or less than that computed under standard costing for each job? Why? 3. If Pritchet Computer Company wants to earn an operating income equal to 40% of the total cost, what sales price should it charge each of these two customers? Standard costing (single plantwide rate): Direct labor calculated as follows: ** Manufacturing overhead calculated as follows: \begin{tabular}{llrr} \hline & \multicolumn{2}{c}{} & \multicolumn{2}{c}{ Predetermined Overhead Allocation Activity } & \multicolumn{1}{c}{ Allocation Base } & \multicolumn{1}{c}{ Rate } \\ \hline Assembly & Number of parts & $ & 0.20 \\ Programming & Number of direct labor hours & 4.50 \\ Testing & Number of tests & 180.00 \\ \hline \end{tabular} Using a job order costing system, Pritchet Computer Company estimated the total cost of two jobs as follows: (Click the icon to view the estimates under job costing.) Pritchet Computer Company is now considering using an ABC system. Information about ABC costs and records for the same two jobs for 2024 follow