Robin Company purchased and used 2,200 pounds of direct materials to produce a product with a 2,400 pound standard direct materials requirement. The standard materials price is $3.40 per pound. The actual materials price was $3.20 per pound. Determine the journal entries amounts to record (1) the purchase of the materials, enter the amounts for: The Debit to Materials Inventory $ The Credit to Direct Materials Price Variance $ The Credit to Accounts Payable $ 2) the material entering production, enter amounts for: The Debit to Work in Process $ The Credit to Direct Materials Quantity Variance $ The Credit to Materials Inventory $