Problem 22 6A Haslett Corporation uses standard costs with its job order cost accounting system In January, an order (Job No 12) for 2,000 units of Product B was received The standard cost of one unit of Product B is as follows Direct materials 2 pounds at $1 50 per pound $ 3 00 Direct labor 1 50 hour at $9 per hour 13 50 Overhead 2 hours (variable $4 50 per machine hour fixed $3 00 per machine hour) 15 00 Standard cost per unit $31 50 Normal capacity for the month was 4,060 machine hours During January, the following transactions applicable to Job No 12 occurred 1 Purchased 4,700 pounds of raw materials on account at $1 57 per pound 2 Requisitioned 4,700 pounds of raw materials for Job No 12 3 Incurred 3,080 hours of direct labor at a rate of $8 89 per hour 4 Worked 3,080 hours of direct labor on Job No 12 5 Incurred manufacturing overhead on account $34,750 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 $190,000 Post to the job order cost accounts (Post entries in the order of journal entries passed in the previous question )

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Problem 22-6A Haslett Corporation uses standard costs with its job order cost accounting system. In January, an order (Job No. 12) for 2,000 units of

Problem 22-6A

Haslett Corporation uses standard costs with its job order cost accounting system. In January, an order (Job No. 12) for 2,000 units of Product B was received. The standard cost of one unit of Product B is as follows.

Direct materials	2 pounds at $1.50 per pound	$ 3.00
Direct labor	1.50 hour at $9 per hour	13.50
Overhead	2 hours (variable $4.50 per machine hour; fixed $3.00 per machine hour)	15.00
Standard cost per unit		$31.50

Normal capacity for the month was 4,060 machine hours. During January, the following transactions applicable to Job No. 12 occurred.

1.		Purchased 4,700 pounds of raw materials on account at $1.57 per pound.
2.		Requisitioned 4,700 pounds of raw materials for Job No. 12.
3.		Incurred 3,080 hours of direct labor at a rate of $8.89 per hour.
4.		Worked 3,080 hours of direct labor on Job No. 12.
5.		Incurred manufacturing overhead on account $34,750.
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 $190,000. Post to the job order cost accounts. (Post entries in the order of journal entries passed in the previous question.)