If 13000 pounds of direct materials are purchased for $10600 on account and the standard cost is $0.80 per pound, the journal entry to record the purchase is 10600 Raw Materials Inventory Accounts Payable 10600 10400 Work In Process Inventory 10600 Accounts Payable Materials Quantity Variance 200 10600 Raw Materials Inventory Accounts Payable Materials Price Variance 10400 200 10400 Raw Materials Inventory Materials Price Variance Accounts Payable 200 10600