Question 5: The following data relates to Good Day Co. for the month of March, 2015 a. Material purchased direct as well as indirect on account Rs.170, 000 b. Material requisitioned and Factory labor used Material Factory- Labor Job No. 78 Rs. 15,000 Rs.10.000 Job No. 79 19.1 14.000 500 Job No. 80 23, 400 19, 520 Job No. 81 16,450 10,400 Job No. 82 18, 560 12.000 For general factory use 16, 320 14,500 c. Payroll was paid to the extent of Rs. 50,000 d. The factory overhead rate is 95% of direct labor cost e. Factory overhead cost incurred Rs.34, 800 f. Job completed: No 78, 79, 80 and 82 g. Job no. 78, 79 and 82 were shipped and customers were billed for Rs. 45,000, Rs. 60,000 and Rs. 55,000 Instructions: Record the above transactions in general journal and close the factory overhead account. (8 Marks)