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Please show full steps and explanations. Bonita Industries has a materials price standard of $2 per pound. 6900 pounds of materials were purchased at $2.20

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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 while the standard quantity allowed for the output was 5700 pounds. Bonita industries's materials quantity variance is $2400F.$2400U.$2640U.$2640F.

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