Question 6 Jorgensen Corporation uses standard costs with its job order cost accounting system In January, an order (Job No 12) for 1,000 units of Product B was received The standard cost of one unit of Product B is as follows Direct materials $3 90 Direct labor 9 90 3 pounds at $1 30 per pound 1 10 hour at $9 00 per hour 2 hours (variable $4 10 per machine hour fixed $2 90 per machine hour) Overhead 14 00 Standard cost per unit $ 27 80 Normal capacity for the month was 4,050 machine hours During January, the following transactions applicable to Job No 12 occurred 1 2 3 4 Purchased 3,400 pounds of raw materials on account at $1 34 per pound Requisitioned 3,400 pounds of raw materials for Job No 12 Incurred 1,170 hours of direct labor at a rate of $8 90 per hour Worked 1,170 hours of direct labor on Job No 12 Incurred manufacturing overhead on account $15,620 Applied overhead to Job No 12 on basis of standard machine hours allowed Completed Job No 12 Billed customer for Job No 12 at a selling price of $75,000 5 6 7 8 (a) Journalize the transactions (Credit account titles are automatically indented when amount is entered Do not indent manually ) No Account Titles and Explanation Debit Credit 1 2 3 4 5 6 7 8 (To record sales ) (To record cost of goods sold )

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Question 6 Jorgensen Corporation uses standard costs with its job order cost accounting system  In January, an order (Job No  12) for 1,000 units of Product B was received  The standard cost of one unit of Product B is as follows  Direct materials $3 90 Direct labor 9 90 3 pounds at $1 30 per pound 1 10 hour at $9 00 per hour 2 hours (variable $4 10 per machine hour  fixed $2 90 per machine hour) Overhead 14 00 Standard cost per unit $ 27 80 Normal capacity for the month was 4,050 machine hours  During January, the following transactions applicable to Job No  12 occurred  1  2  3  4  Purchased 3,400 pounds of raw materials on account at $1 34 per pound  Requisitioned 3,400 pounds of raw materials for Job No  12  Incurred 1,170 hours of direct labor at a rate of $8 90 per hour  Worked 1,170 hours of direct labor on Job No  12  Incurred manufacturing overhead on account $15,620  Applied overhead to Job No  12 on basis of standard machine hours allowed  Completed Job No  12  Billed customer for Job No  12 at a selling price of $75,000  5  6  7  8  (a) Journalize the transactions  (Credit account titles are automatically indented when amount is entered  Do not indent manually ) No  Account Titles and Explanation Debit Credit 1  2  3  4  5  6  7  8  (To record sales ) (To record cost of goods sold )

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Question 6 Jorgensen Corporation uses standard costs with its job order cost accounting system. In January, an order (Job No. 12) for 1,000 units of

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