Problem 23-6A (part level submission) Jorgensen 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 Direct labor Overhead 2 pounds at $1.50 per pound 1.50 hour at $9 per hour 2 hours (variable $4.00 per machine hour; fixed $3.00 per machine hour) $3.00 13.50 14.00 Standard cost per unit $30.50 Normal capacity for the month was 4,190 machine hours. During January, the following transactions applicable to Job No. 12 occurred. 1. Purchased 4,640 pounds of raw materials on account at $1.57 per pound 2. Requisitioned 4,640 pounds of raw materials for Job No. 12. 3. Incurred 3,080 hours of direct labor at a rate of $8.86 per hour. 4. Worked 3,080 hours of direct labor on Job No. 12 5. Incurred manufacturing overhead on account $29,900. 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 $194,000