Marciano Manufacturing uses a standard cost system. Standards for direct materials are as follows: Direct materials (pounds per unit of output) Cost per pound of direct materials 2 $5 The company plans to produce 3,500 units and has purchased on account 12,000 pounds of direct materials at a net cost of $43,200. What is the journal entry to record this transaction? OA. Raw Materials Inventory Direct Materials Cost Variance Accounts Payable OB. Raw Materials Inventory 43,200 16,800 60,000 26,400 Direct Materials Cost Variance Accounts Payable 16,800 43,200 OC. Raw Materials Inventory 43,200 Direct Materials Cost Variance Accounts Payable 16,800 26,400 OD. Raw Materials Inventory 60,000 Direct Materials Cost Variance Accounts Payable 16,800 43,200