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Assume the following: - The standard price per pound is $3.00. - The actual quantity of materials purchased and used in production is 63,400 pounds.

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Assume the following: - The standard price per pound is $3.00. - The actual quantity of materials purchased and used in production is 63,400 pounds. - The actual purchase price per pound of materials was $3.10. What is the materials price variance? Multiple Choice $6,340U $6,340F $3,170U $3,170F

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