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Total Materials Variance Krumple Ine. prodaces aluminum cans. Production of 15 -ounce cans has a standard unit quantity of 4.6 cunces of aluminum per can.
Total Materials Variance Krumple Ine. prodaces aluminum cans. Production of 15 -ounce cans has a standard unit quantity of 4.6 cunces of aluminum per can. During the month of Aptil, 250.000 cans were produced using 1,350,000 ounces of aluminum, The sctual cost of aluminum was 30.19 per ounce and the standard price was 50.1 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- x roneck My wot 1. Compute the actual costs = octual quantity actual cost per unit; (AQ AP) 2. Compute the standard cost = stancard quantity (units produced standard unit quantity ) standard cost per unity ( 5 Q k5 P) 3. Subtract standard costs from the actual costs then determine if the result is fayoroble or unfoworable Review the "Hiow to Calculate kie Total Variance for Materials" example in your text
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