Krumple Inc, produces aluminum cans. Production of 12-ounce cans has a standard unit quantity of...
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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 1,255,000 ounces of aluminum. The actual cost of aluminum was 50.19 per ounce and the standard price was 50.11 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. Moterials Price Varance Material Usage Variance
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