Calculate the total variance for aluminum


Response to the following problem:

Lata Inc., produces aluminum cans. Production of 12-ounce cans has a standard unit quantity of 4 ounces of aluminum per can. During the month of April, 250,000 cans were produced using 1,100,000 ounces of aluminum. The actual cost of aluminum was $0.09 per ounce and the standard price was $0.08 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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Cost Accounting: Calculate the total variance for aluminum
Reference No:- TGS02074681

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