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Total Materials Variance Krumple Inc. produces aluminum cans. Production of 13-ounce cans has a standard unit quantity of 4 ounces of aluminum per can. During
Total Materials Variance
Krumple Inc. produces aluminum cans. Production of 13-ounce cans has a standard unit quantity of 4 ounces of aluminum per can. During the month of April, 310,000 cans were produced using 1,000,000 ounces of aluminum. The actual cost of aluminum was $0.19 per ounce and the standard price was $0.11 per ounce. There are no beginning or ending inventories of aluminum.
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Calculate the total variance for aluminum for the month of April. Enter amount as a positive number and select Favorable or Unfavorable.
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