Question 2: (15 marks) (B1, C2) Bahrain Manufacturing Company employs a job order cost accounting system and keeps perpetual inventory records. The following transactions occurred in the first month of operations: 1. Direct materials requisitioned during the month: Job 11 $40,000 Job 22 32,000 Job 33 48,000 $120,000 2. Direct labor incurred and charged to jobs during the month was: (Direct labor wage rate was $10 per hour). Job 11 $60,000 Job 22 50,000 Job 33 40,000 $150,000 3. Manufacturing overhead was allocated at $30 per direct labor hour. 4. Actual manufacturing overhead costs incurred during the month amounted to $140,000. 5. Job 11, consisting of 500 units, and Job 33, consisting of 400 units, were completed during the month.