On May 1, 20Y6, Dean Company purchased $200,000 of Horton Company's 12% bonds at 100 plus accrued interest of $8,000. On June 30, 20Y6, Dean Company received its first semiannual interest. On February 1, 20Y7, Dean Company sold $160,000 of the bonds at 103 plus accrued interest. The journal entry Dean Company will record on February 1, 20Y7, will include a.

a. credit to Interest Revenue for $2,400.
b. credit to Gain on Sale of Investments for $2,400.
c. debit to Cash for $82,400
d. credit to Interest Receivable for $1,000.

Doogan corporation makes a product with the following standard costs: standard quantity or hours standard price or rate direct materials 2.0 grams $ 7.00 per gram direct labor 1.6 hours $ 12.00 per hour variable overhead 1.6 hours $ 6.00 per hour the company produced 5,000 units in january using 10,340 grams of direct material and 2,320 direct labor-hours. during the month, the company purchased 10,910 grams of the direct material at $7.30 per gram. the actual direct labor rate was $12.85 per hour and the actual variable overhead rate was $5.80 per hour. the company applies variable overhead on the basis of direct labor-hours. the direct materials purchases variance is computed when the materials are purchased. the materials quantity variance for january is: