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Assume the following: - The standard price per pound is $3.70. - The actual quantity of materials purchased and used in production is 60,000 pounds.

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Assume the following: - The standard price per pound is $3.70. - The actual quantity of materials purchased and used in production is 60,000 pounds. - The standard quantity allowed for the actual level of output is 59,200 pounds. What is the materials quantity variance? Multiple Choice $2,960U $2,160U $2,960F $2,160F

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