Required: a) Compute (1) the pre-determined overhead application rate used by the company (2) the average unit cost of the energy saving bulbs manufactured in Job No. 100 b) Prepare general journal entries to: (1) Summarize the manufacturing costs charged to Job No. 100 (2) Record the completion of Job No 100. (3) Record the credit sale of 2,100 units from Job No 100 at a unit sale price of Rs 100 (4) Record in a separate entry the related cost of goods sold. The following information for 2013 was given for the Bright Company which manufactures fluorescent high bulbs: Units of finished products produced Direct materials quantity standards Direct materials used in production Direct materials purchased Direct materials standard cost per unit Actual direct materials cost per unit Direct labor efficiency standard Actual direct labor hours worked Direct labor standard wage rate Direct labor actual wage rate Required: Calculate the following variances: a) Direct materials price variance b) Direct materials quantity variance c) Direct labor efficiency variance d) Direct labor rate variance 15,000 units 3 units of direct materials per unit of finished product 50,000 units 60,000 units Rs 1.25 each Rs 1.10 each 2 hours per unit 30,250 hours Rs 4.20 per hour Rs 4.50 per hour Q5. a) The Star Company has provided the following information about factory overhead costs and production level: Required: Normal capacity Expected actual capacity Fixed expenses Variable expenses 350,000 units 310,000 units Rs 1.76 per unit Rs 610,000 Compute the factory overhead rate for both normal and expected actual capacity.