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Crane Company's variance report for the purchasing department reports 200 units of material A purchased and 1400 units of material B purchased. It also reports

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Crane Company's variance report for the purchasing department reports 200 units of material A purchased and 1400 units of material B purchased. It also reports standard prices of $2 for Material A and $3 for Material B. Actual prices reported are $2.10 for Material A and $2.80 for Material B. Crane should report a total price variance of $260F.$260U.$160U.$160F

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