E8-1 Standard unit cost; variance analysis; journal entries 1,000 units were started and finished. Case 1: All prices and quantities for the cost elements are stan- dard, except for materials cost, which is $8.50 per pound. Case 2: All prices and quantities for the cost elements are stan- dard, except that 1,900 lb of materials were used. triae E8-1 Standard unit cost; variance analysis; journal entries 1,000 units were started and finished. Case 1: All prices and quantities for the cost elements are stan- dard, except for materials cost, which is $8.50 per pound. Case 2: All prices and quantities for the cost elements are stan- dard, except that 1,900 lb of materials were used. triae