Question: Coronado Industries has a materials price standard of $4 per pound. 6300 pounds of materials were purchased at $4.20 a pound. The actual quantity of materials used was 6300 pounds although the standard quantity allowed for the output was 4600 pounds. Coronado Industries's materials price variance is O $1260 F. O $1840 U. O $340 U. O $1260 U.