Please put correct answer in the underlined space provided. During January, ABC Company worked on two jobs. Data related to these two jobs are as follows: Job 1 Job 2 Units in each order 50 100 Units sold 50 Materials requisitioned $ 1,240 $ 985 Direct labor hours 410 583 Direct labor costs $ 6, 150 8,745 Overhead rate is assigned on the basis of direct labor hours at the rate of: $ 12 per direct labor hour During January, Job 1 was completed and transferred to finished goods. Job 2 was the only unfinished job at the end of the month. Required: a) Compute the per unit cost of Job 1. (3 Marks) bj Compute the balance in the Work-in-Process account on (2 Marks) January 31. c) Compute the income of Job 1 if selling price is 160%. (2 Marks) d) Explain why companies use a predetermined overhead rate (4 Marks) to apply manufacturing overhead to their products. (Include 2 Marks Communication)