Sheridan has a standard of 1.5 pounds of materials per unt materials quantity variance is , at $6 per pound. In producing 1400 units, Sheridan used 2300 pounds of materials at a total cost of $13455. Sheridan's O $855 F $345 U. O $2100 U. O $1200 U. Multiple Choice Q Budgeted overhead for Bonita Industries at normal capacity of 29000 direct labor hours is $6 per hour variable and $4 per hour flxed. In May, $292800 of overhead was incurred in working 30500 hours when 31000 standard hours were allowed. 164 The overhead volume variance is 0 17200 favorable. O $11000 favorable. O $5000 favorable