Question
Elias LLCs standard materials cost per unit of output is $38.69 (5.30 pounds x $7.30). During May, the Elias purchases and uses 8,050 pounds of
Elias LLCs standard materials cost per unit of output is $38.69 (5.30 pounds x $7.30). During May, the Elias purchases and uses 8,050 pounds of materials costing $60,762 in making 1,600 units of finished product.
Determine the materials price variance. (Round per unit values to 2 decimal places, e.g. 19.05)
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Financial Accounting
Authors: Dr Carl S. Warren, Dr James M. Reeve, Philip E. Fess
9th Edition
032418803X, 978-0324188035
