Deluxe Company uses a standard cost system and reports the following information for 2024 (Click the icon to view the information) Deluxe Company reported the following variances (Click the icon to view the variances) Deliace produced 1,000 units of finished product in 2024 Read the morements CID Date Accounts and Explanation Debit Credit Raw Materials Invertory 2,400 Deect Materals Cost Vananc 120 Accounts Payable 2,520 Purchased direct materials Now, journalize the usage of direct materials, including the related variance (Prepare a single compound journal entry Requirements Recont the journal entries for direct materials, direct labor, variable overhead and foxed overhead, assuming al expenditures were on account and there were beginning or ending balances in the inventory accounts (all caterals purchased were used in production, and all goods produced were sold) Record the journal entries for the transfer to Finished Goods Inventory and Cost of Goods Sold joi the journal entry for Sales Revenue). Record the journal entry to adjust the Manufacturing Ovemead account (Record debits first, then credits. Select the explanation on the last line of the joumal entry table) Date Accounts and Explanation Debit Credit Print Done