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Sheffield Corp. has a materials price standard of $2.00 per pound. 4900 pounds of materials...

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Accounting

Sheffield Corp. has a materials price standard of $2.00 per pound. 4900 pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 4900 pounds, although the standard quantity allowed for the output was 4000 pounds. Sheffield Corp.'s materials quantity variance is $1980 U. $1800 F. $1800 U. $1980 F.

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