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Sheridan Company has a materials price standard of $2.00 per pound. 5700 pounds of materials were...

Sheridan Company has a materials price standard of $2.00 per pound. 5700 pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 5700 pounds, although the standard quantity allowed for the output was 5200 pounds. Sheridan Company's total materials variance is $2240 U. $2140 U. $2240 F. $2140 F.

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