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Sheffield Corp. purchased 3 , 2 0 0 pounds of flour in preparation for making its biscuit mix. Every package of mix is expected to

Sheffield Corp. purchased 3,200 pounds of flour in preparation for making its biscuit mix. Every package of mix is expected to use 5 pounds of flour, with flour budgeted at .50 per pound. The production department used 3,035 pounds of the flour in producing 585 packages of biscuit mix. If the purchasing department paid $1,760.00 for the initial flour purchase, what was the company's DM price variance? DM price variance $__________ Is it favorable, unfavorable, or neither favorable nor unfavorable?

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