During the Month of May, Marian Manufacturing Corporation Purchased Materials

question 36

Multiple Choice

During the month of May, Marian Manufacturing Corporation purchased materials that had a total standard cost of $37,000. The Materials Price Variance on these materials was $6,000 favorable. What summary journal entry would Domino make to record this purchase and variance for May?

• A)Option A
• B)Option B
• C)Option C
• D)Option D

---

Definitions:

Straight-Line Amortization

Straight-line amortization is a method of gradually reducing the book value of an intangible asset over a fixed period of its useful life.

Bond Interest Expense

The periodic expense incurred by an issuer of bonds as payment to the bondholders for their investment, typically paid semi-annually.

Face Value

The nominal value printed on a financial instrument such as a bond or stock certificate, representing its legal value.

Semiannually

Occurring twice a year or every six months.