A company's standards for its product are 8 pounds of direct materials at $12 per pound. For this period, the company produced 3,000 units, using 24,600 pounds of raw materials costing $302,580. The company uses a standard costing system. Prepare the entry to record direct materials variances and charge direct material costs to Work in Process Inventory. Journal entry worksheet Record direct materials and charge direct material costs to Work in Process Inventory. Note: Enter debits before credits