Job Order Costing: XTN company uses direct labor cost as the basis to determine Overheads. The estimated overheads for the year are Rs.1.5 million while the estimated direct labor costs are Rs.2 million. Following transactions are for the 1st quarter of year 2020: Company Purchased Raw Material on accounts for Rs.350,000. Labor Costs incurred were Rs.500,000. Out of which Rs.450,000 pertains to wages payable while remaining are taxes payable. Manufacturing overheads incurred in first quarter excluding indirect labor and indirect material were Rs.80,000. Companys costs assigned to various jobs are: Jobs Direct Material Direct Labor Job XT121 Rs.55,000 Rs.100,000 Job XT122 Rs.60,000 Rs.80,000 Job XT123 Rs.45,000 Rs.100,000 General Factory Use Rs.15,000 Rs.20,000 Jobs completed during the quarter were XT121 and XT123. Sold XT121 for Rs.350,000 on account. Required: 1. Show the journal entries for Accumulation, Assignment of costs, Completion and Sales. 2. Determine Over/Under Applied MOH while also passing the adjusting journal entry