Problem 25-6A (Part Level Submission)

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.

thank you :)

Problem 25-6A (Part Level Submission) 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 Bis as follows. 3 pounds at $1.00 per pound Direct materials $3.00 Direct labor 1 hour at $8.00 per hour 8.00 2 hours (variable $4.00 per machine hour; fixed $2.25 per machine Overhead 12.50 hour) Standard cost per unit $23.50 Normal capacity for the month was 4,200 machine hours. During January, the following transactions applicable to Job No. 12 occurred. 1. Purchased 6,200 pounds of raw materials on account at $1.05 per pound. 2. Requisitioned 6,200 pounds of raw materials for Job No. 12. 3. Incurred 2,000 hours of direct labor at a rate of $7.80 per hour. 4. Worked 2,000 hours of direct labor on Job No. 12. 5. Incurred manufacturing overhead on account $25,000. 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 $65,000. (a) Z Your answer is partially correct. Try again Journalize the transactions. (Round answers to the nearest whole dollar, e.g. 5,275. Credit account titles are automatically indented when amount is entered. Do not indent manually.)