Vista Company installed a standard cost system on January 1. Selected transactions for the month of January are as follows. 1 2. 3. . Purchased 19.000 units of raw materials on account at a cost of $ 3.00 per unit. Standard cost was $ 2.70 per unit. Issued 19,000 units of raw materials for jobs that required 18,770 standard units of raw materials Incurred 16,000 actual hours of direct labor at an actual rate of $ 4.60 per hour. The standard rate is $ 5.20 per hour. (Credit Factory Wages Payable.) Performed 16,000 hours of direct laboronjobs when standard hours were 16,140. Applied overhead to jobs at the rate of 100% of direct labor cost for staridard hours allowed. 5. Journalize the January transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit No. Account Titles and Explanation Raw Materials Inventory 1. Materials Price Variance Accounts Payable 2 Work in Process Inventory No. Account Titles and Explanation Debit Credit 1 Raw Materials Inventory Materials Price Variante Accounts Payable 2. Work in Process Inventory Materials Quantity Variance Raw Materials Inventory 3. Factory Labor Labor Price Variance Factory Wages Payable 4 Work in Process inventory Labor Quantity Variance Factory Labor 5 Work in Process Inventory Manufacturing Overhead