Refer to the information for Lata Inc. above. Lata Inc., produces aluminum cans. Production of 12- ounce
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.
Required:
Calculate the total variance for aluminum for the month of April.
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Related Book For 
Cornerstones of Financial and Managerial Accounting
ISBN: 978-1111879044
2nd edition
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
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