Homework Part 2 of 8 Points: 0.13 of 1 Save Hayesville Company uses a standard cost system and reports the following information for 2024: (Click the icon to view the information.) Hayesville Company reported the following variances: (Click the icon to view the variances.) Hayesville 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 Raw Materials Inventory Direct Materials Cost Variance Accounts Payable Debit Credit 2,760 115 2,875 Purchased direct materials. Now, journalize the usage of direct materials, including the related variance. (Prepare a single compound journal entry:) Date Accounts and Explanation Debit Credit Calculator Clear all Check answer