All- Star Compary uses a standaed cost ystom and reports the following intormation for 2024: A - Star Compary reported the following variances: (Clak the icon to view the infomation) (Cick the ieon to view the variances) A - Star produced 1,009 units of finished product in 2004 Read the tequinentrs: Begia by loutnaling the puchase of direct materials on aocount, iocluding the related varlance: (Prepare a single compound joumpl entry) Requirements - Recood the joumal erteies for direct masrida, dinect laboc, variabie overhead, and fend ovehead, assuming al expenditures were on bccount and there were no begring er ending balances in the invontory acoounts (all materias purchated wore uned in production, and al goods prodveed were solp). Record the jouma entries for the tranter to Finshed Geods mentory and Cont of Coode Sold fomit the poumal entry foe Sales Revenue) Recoer the pumal entry to adjut the Manulacturing Ovethead account. Record debits frst, then cridits. Jelect tee explanaten on the lative of the joumal entry table) Data table Slandards 3 yards of doch per unt at $1,30 peryard 2 diect labor hours per unt at 517,50 per haur Overhead ahecaled at $6.00 per direck labor hour Actual: 2,400 yards of eloth were purchased at 5135 per yard Employees worked 1,200 hours and were paid $17.00 per hour Attual yariatle ovarhead was $2.100 Actual fxod everhead was $6.700