Test Company uses a standard costing system. The company developed the following standard cost sheet for one of its products. During the year, Test Company recorded the following actual results. 2. The journal entry to record the purchase of raw materials would include D A debit to direct materials price variance for $7,175 D A credit to direct materials price variance for $5,925 D A credit to accounts payable for $360,000 D A debit to raw materials inventory for $365,925