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Sheffield Corp. has a materials price standard of $2 per pound. 5700 pounds of materials were purchased at $2.20 a pound. The actual quantity

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Sheffield Corp. has a materials price standard of $2 per pound. 5700 pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 5700 pounds although the standard quantity allowed for the output was 4600 pounds. Sheffield Corp's materials price variance is O $1140 F O $220 U O $920 U. O $1140 U

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