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ToolTime has a standard of 1.5 pounds of materials per unit, at $6 per pound. In producing 2,000 units, ToolTime used 3,100 pounds of materials
ToolTime has a standard of 1.5 pounds of materials per unit, at $6 per pound. In producing 2,000 units, ToolTime used 3,100 pounds of materials at a total cost of $18,135. ToolTime's total variance is (combined price and quantity variance) a) $600U b) $465U. c) $450F d) $135U
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