Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Total Materials Variance Krumple Inc. produces aluminum cans. Production of 12-ounce cans has a standard unit quantity of 4.3 ounces of aluminum per can. During

Total Materials Variance

Krumple Inc. produces aluminum cans. Production of 12-ounce cans has a standard unit quantity of 4.3 ounces of aluminum per can. During the month of April, 330,000 cans were produced using 1,150,000 ounces of aluminum. The actual cost of aluminum was $0.19 per ounce and the standard price was $0.09 per ounce. There are no beginning or ending inventories of aluminum.

Required:

Calculate the total variance for aluminum for the month of April. Enter amount as a positive number and select Favorable or Unfavorable.

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_2

Step: 3

blur-text-image_3

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

Islamic Finance A Partnership For Growth

Authors: Philip Moore

1st Edition

1855645521, 9781855645523

More Books

Students also viewed these Finance questions