Microsoft Corporation uses job costing for its software development projects. In November 2033, the company undertakes three projects with the following costs:

• Project X: Time costs $2,000,000, Material costs $500,000
• Project Y: Time costs $2,500,000, Material costs $600,000
• Project Z: Time costs $2,200,000, Material costs $550,000

Required:

• Calculate the total job costs for each project.
• Allocate time and material costs to each project.
• Determine the cost per hour of service delivered under each project.