Bonita Industries has a materials price standard of $2 per pound. 6900 pounds of materials were...

Transcribed Image Text:

Bonita Industries has a materials price standard of $2 per pound. 6900 pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 6900 pounds although the standard quantity allowed for the output was 4300 pounds. Bonita Industries's materials price variance is O $1380 F O $1380 U. O $860 U. O $520 U. Bonita Industries has a materials price standard of $2 per pound. 6900 pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 6900 pounds although the standard quantity allowed for the output was 4300 pounds. Bonita Industries's materials price variance is O $1380 F O $1380 U. O $860 U. O $520 U.