Lata inc produces aluminum cans production of 11-ounce cans, Financial Accounting

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Lata inc produces aluminum cans production of 11-ounce cans

Lata Inc. produces aluminum cans. Production of 11-ounce cans has a standard unit quantity of 4.9 ounces of aluminum per can. During the month of April, 350,000 cans were produced using 1,300,000 ounces of aluminum. The actual cost of aluminum was $0.19 per ounce and the standard price was $0.11 per ounce. There are no beginning or ending inventories of aluminum.

Calculate the total variance for aluminum for the month of April.

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Financial Accounting: Lata inc produces aluminum cans production of 11-ounce cans

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Financial Accounting: Lata inc produces aluminum cans production of 11-ounce cans

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