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Total Materials Variance Lata Inc. produces aluminum cans. Production of 12-ounce cans has a standard...

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Accounting

Total Materials Variance

Lata Inc. produces aluminum cans. Production of 12-ounce cans has a standard unit quantity of 4.1 ounces of aluminum per can. During the month of April, 310,000 cans were produced using 1,100,000 ounces of aluminum. The actual cost of aluminum was $0.18 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.

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