Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please show work Krumple Inc. produces aluminum cans. Production of cans has a standard unit quantity of 4.5 ounces of aluminum per can. During the

image text in transcribed

please show work

Krumple Inc. produces aluminum cans. Production of cans has a standard unit quantity of 4.5 ounces of aluminum per can. During the month of April, 303,000 cans were produced using 1,240,000 ounces of aluminum. The actual cost of aluminum was $0.14 per ounce and the standard price was $0.03 per ounce. There are no beginning or ending inventories of aluminum. Required: Calculate the materials price and usage variances (Variances need to be identified as favorable or unfavorable ones)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions