LUS Weygandt, Managerial Accounting, 7e Blackboard: Towson University: Weygandt, Managerial Accountin End Time: 04:12 PM/Remaining: 112 min. CALCULATOR URCES Vista Company installed a standard cost system on January 1. Selected transactions for the month of January are as follows 11 & 1. Purchased 16,000 units of raw materials on account at a cost of $2.70 per unit. Standard cost was $2.40 per unit 2. Issued 16,000 units of raw materials for jobs that required 15,640 standard units of raw materials 3. Incurred 15,000 actual hours of direct labor at an actual rate of $4.20 per hour. The standard rate is $4.80 per hour. (Credit Factory Wages Payable.) Performed 15,000 hours of direct labor on jobs when standard hours were 15,180. Applied overhead to jobs at the rate of 100 % of direct labor cost for standard hours allowed. 4. 5. Journalize the January transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal place 125.) ay Study No. Account Titles and Explanation Debit Credit 1 2. 3. unuty Eungeellai ACUUUntnge 2e Blackboard: Towson University: Weygandt, Managerial Accounting, TIMER End Time: 04:12 PM/Remaining 111 min. CALCULATOR Incurred 15,000 actual hours of direct labor at an actual rate of $4.20 per hour. The standard rate is $4.80 per hour. (Credit Factory Wages Payable.) Performed 15,000 hours of direct labor on jobs when standard hours were 15,180 3. RESOURCES: 4. pters 11 & 5. Applied overhead to jobs at the rabe of 100 % of direct labor cost for standard hours allowed. Journalize the January transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to o decimal places, 125.) No. Account Titles and Explanation Debit Credit: 1. re ults by Study 2. 3. 4