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Assume the following: - The standard price per pound is $3.00. - The actual quantity of materials purchased is 60,000 pounds. - The actual quantity

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Assume the following: - The standard price per pound is $3.00. - The actual quantity of materials purchased is 60,000 pounds. - The actual quantity of materials used in production is 62,000 pounds. - The actual purchase price per pound of materials was $3.10. What is the materials price variance? Multiple Choice $6,000F $6,200F $6,000 $6,200U

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