Coronado Industries has a materials price standard of $2 per pound. 5000 pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 5000 pounds although the standard quantity allowed for the output was 4300 pounds. Coronado Industries's materials price variance is $1000 U. O $860 U. O $1000 F. O $140 U. Attempts: 0 of 1 used Submit Answer