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1 01 point Elias LLC's standard materials cost per unit of output...

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Accounting

1
01 point
Elias LLC's standard materials cost per unit of output is $38.69(5.30 pounds $7.30). During May, the Elias purchases and uses 8,050 pounds of materials costing $60,578 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)
Correct Answer: 1,813.00
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