Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 1 01 point elias llc's standard materials cost

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

60.1K

Verified Solution

Question

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
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

List the elements in the set x x is a whole number less than 2...

Basic Math
1.2K views

The age of Facebook users is normally distributed. The average age of a user on Facebook...

Accounting
1.2K views

Required information [The following information applies to the questions displayed below.] Simon Company’s year-end balance sheets follow....

Physics
1.2K views

The force on a current carrying square loop PQRS due to infinitely long current carrying...

Basic Math
1.2K views

assign6 Problem 9 1 point A and B are n x n matrices Check the...

Basic Math
1.2K views

Match an expression for the apparent nth term of the sequence. (Assume n begins with...

Calculus
1.2K views

A publisher for a promising new novel figures fixed costs (overhead, advances, promotion, copy editing,...

Algebra
1.2K views

Use the reference points and the asymptote to write the function whose graph is shown...

Accounting
1.2K views

Wildhorse Department Store is located in midtown Metropolis. During the past several years, net income...

Accounting
1.2K views

The income statement, balance sheets, and additional information for Great Adventures, Incorporated, are provided below...

Accounting
1.2K views

The following is the footnote to operating leases as reported in Company ABC's 2019Q1 (the...

Accounting
1.2K views

Assume all sales are one-time credit sales with a probability of collection of 96 percent....