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Materials Variances Krumple Inc. produces aluminum cans. Production of 12-ounce cans has a standard unit quantity of 4.4 ounces of aluminum per can. During the month of April, 301,000 cans were produced using 1,257,000 ounces of aluminum. The actual cost of aluminum was $0.18 per ounce and the standard price was $0.06 per ounce. There are no beginning or ending inventories of aluminum. Required: Calculate the materials price and usage variances using the columnar and formula approaches. Enter amounts as positive numbers and select Favorable or Unfavorable. Materials Price Variance $ 13,576 X Unfavorable Material Usage Variance $ 154,884 X Favorable