Normal capacity for the month was 4200 machine hours. During January the followi

Normal capacity for the month was 4200 machine hours. During January the following transactions applicable to Job No. 12 occurred.1. Purchased 6250 pounds of raw materials on account at $1.06 per pound.2. Requisitioned 6250 pounds of raw materials for Job No. 12.3. Incurred 2100 hours of direct labor at a rate of $7.75 per hour.4. Worked 2100 hours of direct labor on Job No. 12.5. Incurred manufacturing overhead on account $25800.6. 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 $70000.9. Incurred selling and administrative expenses on account $2000.Instructions(a) Journalize the transactions.(b) Post to the job order cost accounts.(c) Prepare the entry to recognize the total overhead variance.(d) Prepare the January 2010 income statement formanagement.