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Sheridan Company purchased and used 42300 pound of materials in production. It paid $6 per pound for these materials. If the direct materials (DM) price
Sheridan Company purchased and used 42300 pound of materials in production. It paid $6 per pound for these materials. If the direct materials (DM) price variance was $52875 favorable, what was the standard price per pound? $4.25$9.43$7.25$5.75
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