IBM Corporation provides software development services using job costing. In February 2031, the company undertakes three software projects with the following costs:

• Project A: Time costs $500,000, Material costs $200,000
• Project B: Time costs $600,000, Material costs $250,000
• Project C: Time costs $550,000, Material costs $225,000

Required:

• Calculate the total job costs for each software project.
• Allocate time and material costs to each project.
• Determine the cost per unit of service delivered under each project.
• Analyze the cost structure and profitability of IBM Corporation's software development projects.
• Prepare a job costing statement for IBM Corporation.