e O O EQuestion H 623-12 (book/static) The following direct materials variance analysis was performed for Moore. (Cick the icon to view the materials variance analysis.) Read the requirements Requirement 1. Record Moore's direct materials pumal entries. Assume purchases were made on account Begin by jourmalzing the purchase of direct materials, including the related variance (Prepare a single compound ioumal entry, Record debits first, then credits. Select the explanations on the lest ine of the joumal entry table) Date Accounts and Explanation Debit Credit i Data Table AC x AQ SC x AQ SC x SC s0.70 per pounds S0 40 per pounds $0.40 per pound 7,900 pounds 7.900 pounds 7.200 pounde Requirements $5,530 $2,880 $3.160 1Racond Moore's drect matertals oumal entren Asume purchases wre made on accn 2 Explain wha management will do with this vaancee information Cost Eficiency en Vaience Viiance $2370 U $280 U Print Done Print Done perts Char A Check Apw % 5 2 4 6 7 8 delete W E R T Y U P A S D F ps lock K