Jorgensen Corporation uses standard costs with its job order cost accounting system. In January, an order (Job No. 12) for 1,600 units of Product B was received. The standard cost of one unit of Product B is as follows. Direct materials2 pounds at $1.00 per pound Direct labor 2.00 hour at $9 per hour 2 hours (variable $4.00 per machine hour; fixed $3.50 per machine hour) $ 2.00 18.00 15.00 Overhead Standard cost per unit $35.00 Normal capacity for the month was 4,320 machine hours. During January, the following transactions applicable to Job No. 12 occurred 1. Purchased 3,600 pounds of raw materials on account at $1.06 per pound. 2. Requisitioned 3,600 pounds of raw materials for Job No. 12 3. Incurred 3,328 hours of direct labor at a rate of $8.94 per hour. 4. Worked 3,328 hours of direct labor on Job No. 12. 5. Incurred manufacturing overhead on account $25,690. 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 seng price of $155,200