Select the best answer for the question 5. During the month of May, Marian Manufacturing Corporation materials price variance on these materials was $6,000 favorable for May? materials that had a total standard cost of $37,000. The summary journal entry would record this purchase and variance 37.000 Work in Process A. Materials Price Variance Raw Materials Raw Materials B. Materials Price Variance Accounts Payable Raw Materials C. Materials Price Variance Accounts Payable Work in Process D. Materials Price Variance Raw Materials 37.000