Pentucket Computer Company uses a job order costing system in which each batch manufachured is a diferent job Pentucket Computer Company assigns direct materials and direct labor to each job The company assigns labor costs at S15 per hour it allocates manufachuring overhead to jobs based on a predetermined overhead allocation rate, computed as a percentage of direct abor.costs At the beginning of 2020, the controller prepared the following bodget m(Cick the lcon to view the budget) In November 2020, Pentucket Computer Company worked on seveal jobs Recards for two jobs appear here m(Clck the lcon to view the recoeds for the teo jobs) Data Table Read the equirements Manufacturing overhead 520,000 Direct labor costs 1,300,000 Requirement 1. Compute Pentucket Computer Company's predetermined overhead (OH) alocation rate for 2020 X Data Table Predetermined OH allocation rate Requirement 2. Compute the total cost of each job Job 121 Job 122 Job 721 Job 122 Direct labor hours 790 hours 108 hours Direct materials 20,900 2800 Total cost Done Print Requirement 3. Why does Pentucket assign costs to jobs? Pertucket Computer Company assigns coats to jobs to help the company that cover all costs and contibube to prot Assigning costs to also can heb Pentacket Pentucket Computer Company uses a job order costing system in which each batch manufactured is a diferent job. Pentucket Computer Company assigns direct materials and direct labor to each job. The company assigns labor costs at $15 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 m(Cick the icon to view the budget) In November 2020, Pentucket Computer Company worked on several jobs. Records for two jobs appear here (Click the iceon to view the records for the two jobs) Read the regurements Requirement 1. Compute Pentucket Computer Company's predetermined overhead (OH) allocation rate for 2020 Predetermined OH allocation rate Requirement 2. Compute the total cost of each job- Job 721 Job 722 Total cost Requirement 3. Why does Pentucket assign costs to jobs? Pentucket Computer Company assigns costs to jobs to help the company that cover all costs and contribute to proft Assigning costs to also can help Pentucket Choose from any list or enter any number in the inpet fields and then continue to the next question - X Data Tal'e - X i Data Table Job 721 Job 722 Manufacturing overhead 520,000 Direct labor hours 790 hours 100 hours $ 1,300,000 $ 20,900 Direct labor costs Direct materials 2,800 Print Done Print Done