Standard unit cost variance analysis; journal entries LO 2,3,4 1 ,000 units were started and finished. Case
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Standard unit cost variance analysis; journal entries LO2,3,4 1 ,000 units were started and finished.
Case I . All prices and quantities for the cost elements are standard, except for materials cost, which is $8.50 per pound.
Case 2. All prices and quantities for the cost elements are standard, except that 1 ,900 pounds of materials were used.
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