Solved: Lata inc produces aluminum cans production of 12-ounce cans, Accounting Basics

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Lata inc produces aluminum cans production of 12-ounce cans

Question: Lata 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, 300,000 cans were produced using 1,250,000 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.
Total Materials Variance Refer to the information for Lata Inc. above.

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

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Accounting Basics: Lata inc produces aluminum cans production of 12-ounce cans

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Accounting Basics: Lata inc produces aluminum cans production of 12-ounce cans

Reference No:- TGS02490830

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