1. Watson Manufacturing Company employs a job order cost acoounting system and keeps perpetual inventory records. The following transactions occurred in the first month of operutions: 1. Direct msterists requistioned during the month: \begin{tabular}{lr} \hline Job 101 & $20,000 \\ Job 102 & 10,000 \\ Job 103 & 24,090 \\ \hline & 560,0,00 \\ \hline \end{tabular} 2. Direct labor incumed and charged to jobs during the month was: Job101Job102Job103$30,00028,00020,000572,090 3. Manufacturing overhead was epplied to jobs worked on using a predetermined overhesd rate based on 75% of direct labor costs. 4. Actual manufacturing overhead costs incurred during the month amounted to $06,000. 5. Job 101 consisting of 1,000 units and Job 103 consisting of 200 units were completed during the month. Instructions (a) Prepare joumal entries to record the above transactions. (b) Answer the following questions: 1. How much manulacturing overhead was applied to Job 103 during the month? 2. Compute the unit cost of Jobs 101 and 103 . 3. What is the balance in Work in Prooess Invenlory at the end of the month? 4. Determine if manufacturing overheed was under- or overapplied duing the month. How much