PLEASE DO PART B

Problem 23-6A (Part Level Submission) Jorgensen Corporation uses standard costs with its job order cost accounting system. In January, an order (Job No. 12) for 1,500 units of Product B was received. The standard cost of one unit of Product B is as follows. Direct materials Direct labor Overhead Standard cost per unit Normal capacity for the month was 4,180 machine hours. During January, 1. Purchased 5,100 pounds of raw materials on account at $1.35 per pound 2. Requisitioned 5,100 pounds of raw materials for Job No. 12 3 pounds at $1.30 per pound 1.60 hour at $8.00 per hour 2 hours (variable $4.10 per machine hour; fixed $3.30 per machine $3.90 12.80 14.80 $31.50 hour) the following transactions applicable to Job No. 12 occurred. Incurred 2,505 hours of direct labor at a rate of $7.90 per hour. 4. Worked 2,505 hours of direct labor on Job No. 12. Incurred manufacturing overhead on account $23,550 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 $135,000