3-12 Journalizing materials entries The following direct materials variance analysis was performed for Moore ACAQ $0.70 per pound 7,900 pounds $5,530 $0.40 per pound 7,900 pounds $3,160 SC x So $0.40 per pound 7,200 pounds $2,880 Efficiency Variance $280 U Cost Variance 370 U Requirements 1. Record Moore's direct materials journal entries Assume purchases were made on account