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Total Materials Variance Lata Inc. produces aluminum cans. Production of 13-ounce cans has a standard unit quantity of 4.8 ounces of aluminum per can. During
Total Materials Variance Lata Inc. produces aluminum cans. Production of 13-ounce cans has a standard unit quantity of 4.8 ounces of aluminum per can. During the month of April, 260,000 cans were produced using 1,150,000 ounces of aluminum. The actual cost of aluminum was $0.17 per ounce and the standard price was $0.04 per ounce. There are no beginning or ending inventories of aluminum. Required: Calculate the total variance for aluminum for the month of April. Favorable Unfavorable
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