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Aho Industries manufactures specialized office products. Materials standards for one of its products, Office XY, is 2 pounds of materials per unit at a price

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Aho Industries manufactures specialized office products. Materials standards for one of its products, Office XY, is 2 pounds of materials per unit at a price of $3.40 per pound. During the current period, Aho purchased 5,000 pounds of material at $16,500 and used all of the material to produce 2,500 units of Office XY. Aho's materials price variance is: Multiple Choice $500 Unfavorable $500 Favorable $2,200 Unfavorable $2,200 Favorable

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