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Plaid Company is analyzing their results and variances for the prior month. They had planned to use 5,000 pounds of material in production at a

Plaid Company is analyzing their results and variances for the prior month. They had planned to use 5,000 pounds of material in production at a cost of $3 per pound. However, they actually used 6,000 pounds at a price of $2.80 per pound. What is Plaid Company's Price Variance?

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