View Policies Current Attempt in Progress Bonita Enterprises purchased 74,000 gallons of direct materials during the year at a price of $3.00 per gallon. Bonita's direct materials price variance was $7,400 Favorable. Calculate the standard price per gallon of direct materials. (Round answer to 2 decimal places, e.g. 15.25.) $ /gal Standard price e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer View Policies Current Attempt in Progress Bonita produces 5-foot USB cables. During the past year, the company purchased 170,000 feet of plastic-coated wire at a price of $0.30 per foot. The direct materials standard for the cables allows 6 feet of wire at a standard price of $0.35 per foot. During the year, the company used a total of 194,000 feet of wire to produce 33,000 5-foot cables. Calculate Bonita's direct materials quantity variance for the year. $ Direct material quantity variance e Textbook and Media