Create an Account

Already have account?

Forgot Your Password ?

Home / Questions / Lata Inc produces aluminum cans Production of 12-ounce cans has a standard unit quantity o...

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 300000 cans were produced using

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.

Materials Variances Refer to the information for Lata Inc. above.

Required:

Calculate the materials price and usage variances using the columnar and formula approaches.

Jun 27 2020 View more View Less

Answer (Solved)

question Subscribe To Get Solution

Related Questions