Deluxe Company uses a standard cost system and reports the following information for 2004 (Click the icon to view the information) Deluxe Company reported the following variances Click the icon to view the variances; Deluxe produced 1,000 unts of finished product in 2004 Read the auments C + Begin by joumalizing the purchase of direct materials on account, including the related variance. (Prepare a single compound journal entry 3 Data table Date Accounts and Explanation Debit Credit Standards 3 yards of cloth per unit at $1.00 per yard 2 deact labor hours per snt at $13.50 per hour X Data table Overhead allocated at 56 00 per direct labor hour Actual 2.400 yards of cloth wem purchased at $2.05 per ad Direct materials cost variance $120 U Direct materials efficiency variance 1600 F Employees worked 1,400 hours and were paid $23.00 per hour Actual variable overhead was $1.800 Direct labor cost variance 700 F Achal food overhead was $300 Direct labor efficiency variance 0,100 F Variable overhead cost variance 900 U Variable overhead efficiency variance 900 F Print Done Help me solve this Demodocs example Get more help. Fixed overhead cost variance Fixed overhead volume variance 900 U 2300 F