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Waterway Industries has a materials price standard of $4 per pound. 5400 pounds of materials were purchased at $4.20 a pound. The actual quantity of

image text in transcribed Waterway Industries has a materials price standard of $4 per pound. 5400 pounds of materials were purchased at $4.20 a pound. The actual quantity of materials used was 5400 pounds although the standard quantity allowed for the output was 4900 pounds. Waterway Industries's materials price variance is $100U.$1960U.$1080U.$1080F

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