b) Ghatarchar Manufacturing is currently working on two jobs that it lcgan during the year. The job order cost sheets for Job#101 and Job4102 for 2018 showed the following information: Job#101 Jobi102 Direct Materials Tk. 100,000 Tk. 150,000 Direct Labor Tk. 250,000 Tk. 300,000 Direct Labor Hours 2,000 hrs 3,000 hrs Overhead Incurred Tk. 100,000 Tk. 50.000 At the beginning of the year, the company established a predetermined overhcad rale@Ik. 40 per direct labor hour for Job# 101 and @20% of direct labor cost for Job# 102. Required: i) Determine the cost of each job. ii) Determine the over-/under-applied overliead of cach job. Page: 16