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.) Deluxe produced 1,000 units of finished product in 2024. Read the requirements. Begin by journalizing the purchase of direct materials on account, including the related variance. (Prepare a single compound journal entry.) Date Accounts and Explanation Debit Credit