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Sheridan Company has a materials price standard of $4 per pound. 6900 pounds of materials were purchased at $4.20 a pound. The actual quantity of

Sheridan Company has a materials price standard of $4 per pound. 6900 pounds of materials were purchased at $4.20 a pound. The actual quantity of materials used was 6900 pounds while the standard quantity allowed for the output was 5700 pounds. Sheridan Company's materials quantity variance is $5040F.$5040U.$4800U.$4800F

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