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total Materials Variance Krumple Inc. produces aluminum cans. Production of 13 -ounce cans has a standerd unit quantity of 4.1 ounces of aluminum per can.

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total Materials Variance Krumple Inc. produces aluminum cans. Production of 13 -ounce cans has a standerd unit quantity of 4.1 ounces of aluminum per can. During the month of April, 350,000 cans were produced using 1,000,000 ounces of aluminum. The actual cost of aluminum was $0.15 per ounce and the standard price was $0.02 per ounce. There are no beginning or ending inventories of aluminum. Requiredt Calculate the total variance for aluminum for the month of April. Enter amount as a positive number and sefect Favorable or Unfavorable. Fetdeack " Check Ny Wonk 1. Compute the actual costs w actual quantity actual cost per unit; (AQAP) 2. Compute the standard cost = standard quantity (units produced standard unit quantity) x standard cost per unit; (SQ SP) 3. Subtract standard costs from the actual costs then determine if the result is favorable or unfavorable Review the "How to Calculate the Total Variance for Materials" example in your text

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