Vista Company installed a standard cost system on January 1. Selected transactions for the month of January are as follows 1. 2. 3. Purchased 18,500 units of raw materials on account at a cost of $ 3. do per unit. Standard cost was $ 3.20 per unit: Issued 18,500 units of raw materials for jobs that required 18,050 standard units of raw materials. Incurred 15,000 actual hours of direct labor at an actual rate of $ 4.10 per hour. The standard rate is $ 4,50 per hour. (Credit Factory Wages Payable.) Performed 15,000 hours of direct labor on jobs when standard hours were 15.110. Applied overhead to jobs at the rate of 100% of direct labor cost for standard hours allowed. 4. 5. WY Mit Price 1850 Accounts Payable 2 Work in Process Inventory Materials antity Variance