1. Elise Company has the following materials-related data. Standard usage for output: 2,000 pounds Standard price: $2.00 per pound Actual price: $2.20 per pound Actual usage: 1,800 pounds Actual purchases: 2,100 pounds Given these data, which of the following would be included in the single journal entry needed to record the materials placed into production (into Work In Process) and the resulting variance