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Total Materials Variance Krumple Inc. produces aluminum cans. Production of 15-ounce cans has a standard unit quantity of 4.4 ounces of aluminum per can. During
Total Materials Variance Krumple Inc. produces aluminum cans. Production of 15-ounce cans has a standard unit quantity of 4.4 ounces of aluminum per can. During the month of April, 310,000 cans were produced using 1,400,000 ounces of aluminum. The actual cost of aluminum was $0.17 per ounce and the standard price was $0.07 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. $ 4. BE.10.24A.ALGO (Algorithmic) eBook Show Me How Materials Variances Krumple Inc. produces aluminum cans. Production of 12-ounce cans has a standard unit quantity of 4.5 ounces of aluminum per can. During the month of April, 301,000 cans were produced using 1,253,000 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. Required: Calculate the materials price and usage variances using the columnar and formula approaches. Enter amounts as positive numbers and select Favorable or Unfavorable. Materials Price Variance $ Material Usage Variance $
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