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Swifty Corporation has a materials price standard of $2.00 per pound. 4000 pounds of materials were purchased at $2.20 a pound. The actual quantity of

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Swifty Corporation has a materials price standard of $2.00 per pound. 4000 pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 4000 pounds, although the standard quantity allowed for the output was 3700 pounds. Swifty Corporation's materials price variance is $740U.$60U.$800F.$800U

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