. Data Table Data Table Job 721 Job 722 Manufacturing overhead Direct labor costs $ 226,000 $ 1,130,000 800 hours Direct labor hours Direct materials 30 hours $ 2,800 $ 22,300 Print Done int Done Pierre Computer Company uses a job order costing system in which each batch manufactured is a different job. Pierre Computer Company assigns direct materials and direct labor to each job. The company assigns labor costs at $24 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 2020, the controller prepared the following budget: (Click the icon to view the budget.) In November 2020, Pierre Computer Company worked on several jobs. Records for two jobs appear here: E (Click the icon to view the records for the two jobs.) Read the requirements. Requirement 1. Compute Pierre Computer Company's predetermined overhead (OH) allocation rate for 2020. Estimated OH costs | Estimated direct labor hours Predetermined OH allocation rate Requirement 2. Compute the total cost of each job. Job 721 Job 722 Total cost Job 721 Job 722 Direct labor Direct labor hours Direct materials Manufacturing overhead Overhead allocation rate rre assign costs to jobs? oln th Requirement 3. Why does Pierre assign costs to jobs? that cover all costs and contribute to profit. Assigning costs to V Pierre Computer Company assigns costs to jobs to help the company also can help Pierre increase labor hours lower employee wages set sales prices Requirement 3. Why does Pierre assign costs to jobs? Pierre Computer Company assigns costs to jobs to help the company that cover all costs and contribute to profit. Assigning costs to also can help Pierre a grouping of jobs individual jobs Requirement 3. Why does Pierre assign costs to jobs? that cover all costs and contribute to profit. Assigning costs to Pierre Computer Company assigns costs to jobs to help the company also can help Pierre control costs increase revenues