Total Materials Variance

Krumple Inc. produces aluminum cans. Production of 11-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 1,100,000 ounces of aluminum. The actual cost of aluminum was $0.14 per ounce and the standard price was $0.02 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. $fill in the blank 1 Unfavorable