TOTAL MATERIALS VARIANCE Lata Inc., produces aluminum cans. Production of 12-ounce cans has a standard unit quantity of 4 ounces of aluminum per can. During the month of April, 250,000 cans were produced using 1,100,000 ounces of aluminum. The actual cost of aluminum was

$0.09 per ounce and the standard price was $0.08 per ounce. There are no beginning or ending inventories of aluminum.

Required:

Calculate the total variance for aluminum for the month of April.

Cornerstone Exercise