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Whispering 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
Whispering 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 pounds at $1.00 per pound $3.00 Direct labor 1.90 hour at $10.00 per hour 19.00 Overhead 2 hours (variable $4.20 per machine hour; fixed $3.40 per machine hour) 15.20 Standard cost per unit $37.20 Normal capacity for the month was 4,070 machine hours. During January, the following transactions applicable to Job No. 12 occurred. 1. Purchased 3,100 pounds of raw materials on account at $1.05 per pound. 2. Requisitioned 3,100 pounds of raw materials for Job No. 12. 3. Incurred 1,950 hours of direct labor at a rate of $9.90 per hour. 4. Worked 1,950 hours of direct labor on Job No. 12. 5. Incurred manufacturing overhead on account $16,780. 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 $80,000.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.Chrome File Edit View History Bookmarks Profiles Tab Window Help Q 8 0 Sat Aug 5 11:14 PM WP Ch 24 Homework X WP Question 10 of 10 - Ch 24 H X Course Hero * *Course Hero x Course Hero X + C education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=aee631b2-f18b-4a4f-8335-d688955f1bd... notes o Resume rock YouTube M Gmail = News Translate U Dashboard | Home - MyUI N Notion - The all-i... O Your Sets | Quizlet Google Drive: Fre... I Office of the Regi... > > - Ch 24 Homework Financial ccounting Question 10 of 10 - 14 3 4. IPPIE RISE SAS 5. er important 6. wishisit 7. AUS 8. AUG 5 5 4 ? IN W 19 P8. (To record sales.)
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