Current Attempt in Progress Coronado Industries produces a product that requires 2.6 pounds of materials per unit. The allowance for waste and spoilage per unit is 0.3 pounds and 0.1 pounds, respectively. The purchase price is $2 per pound, but a 2% discount is usually taken. Freight costs are $0.2 per pound, and receiving and handling costs are $0.05 per pound. The hourly wage rate is $12 per hour, but a raise which will average $0.3 will go into effect soon. Payroll taxes are $1.20 per hour, and fringe benefits average $2.40 per hour. Standard production time is 1 hour per unit, and the allowance for rest periods and setup is 0.2 hours and 0.1 hours, respectively. The standard direct materials price per pound is $2.25. $2.00. $1.96. $2.21. Current Attempt in Progress Bonita has a standard of 2 hours of labor per unit, at $12 per hour. In producing 2600 units, Bonita used 4900 hours of labor at a total cost of $59780. Bonita's total labor variance is O $2300 U. $2620 U. $2620 F. $3660 F. Budgeted overhead for Sheridan Company at normal capacity of 40000 direct labor hours is $6 per hour variable and $4 per hour fixed. In May, $388800 of overhead was incurred in working 40500 hours when 42000 standard hours were allowed. The overhead controllable variance is $31200 unfavorable. $15000 favorable. $23200 favorable. $31200 favorable. Sunland Company's variance report for the purchasing department reports 1700 units of material A purchased and 2900 units of material B purchased. It also reports standard prices of $2 for Material A and $3 for Material B. Actual prices reported are $2.10 for Material A and $2.80 for Material B. Sunland should report a total price variance of $410 F. $460 F $460 U. $410 U