Total Materials Variance Krumple Inc. produces aluminum cans. Production of 13-ounce cans has a standard...
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Total Materials Variance Krumple Inc. produces aluminum cans. Production of 13-ounce cans has a standard unit quantity of 4.1 ounces of aluminum per can, During the month of April, 350,000 cans were produced using 1,200,000 ounces of aluminum. The actual cost of aluminum was $0.15 per ounce and the standard price was $0.05 per ounce. There are no beginning or ending inventories of aluminum. Required: Calculate the total varlance for aluminum for the month of April. Enter amount as a positive number and select Favorable or Unfavorable. \$
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