Jorgensen Corporation uses standard costs with its job order cost accounting system. In January, an order (Job No. 12) for 1,900 units of Product B was received. The standard cost of one unit of Product B is as follows Direct materials Direct labor Overhead Standard cost per unit Normal capacity for the month was 4,470 machine hours. During January, the following transactions applicable to Job No. 12 3 pounds at $1.10 per pound 1.70 hour at $8.00 per hour 2 hours (variable $4.40 per machine hour; fixed $2.70 per machine hour) $3.30 13.60 14.20 $31.10 occurred Purchased 6,080 pounds of raw materials on account at $1.18 per pound. Requisitioned 6,080 pounds of raw materials for Job No. 12. Incurred 3,306 hours of direct labor at a rate of $7.95 per hour. Worked 3,306 hours of direct labor on Job No. 12. Incurred manufacturing overhead on account $29,060. 1. 2. 4. 6 Applied overhead to Job No. 12 on basis of standard machine hours allowed. 7. Completed Job No. 12. 8. Billed customer for Job No. 12 at a selling price of $171,000