Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. krumple inc, produces aluminum cans. production of

Krumple Inc, produces aluminum cans. Production of 12-ounce cans has a standard unit quantity of...

90.2K

Verified Solution

Question

Accounting

image
Krumple 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, 301,000 cans were produced using 1,255,000 ounces of aluminum. The actual cost of aluminum was 50.19 per ounce and the standard price was 50.11 per ounce. There are no beginning or ending inventories of aluminum. Required: Calculate the materials price and usage variances using the columnar and formula approaches. Enter amounts as positive numbers and select Favorable or Unfavorable. Moterials Price Varance Material Usage Variance

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

III Test Midterm Exam question list Question 1 Question 2 estion 3 stion 4 on...

Statistics
Q

If the capacitance ratio C figure is Answer A B C D C Your Attempt...

Physics
Q

A water taxi carries passengers from harbor to another Assume that weights of passengers are...

Statistics
Q

A legislative committee consists of 9 Democrats Complete parts a through d below

Calculus
Q

bmit Assignment Quiz 4 1 4 4 00 58 39 Question 5 of 16 Step...

Algebra
Q

Check whether the relation R in R defined as R a b a s b...

Algebra
Q

Some of the items on the balance sheet are based on estimated information. Consider managements...

Accounting
Q

Business Description After taking business classes, Jed, an avid poultry enthusiast, decided to...

Accounting
Q

Twenty-five multiple choice exercises/problems appear below. You must answer all of them. For each problem...

Accounting
Q

PLEASE ANSWER THE AMOUNTS FOR THE BLANK TEXTBOXES Problem 13-40 (LO. 4) Since...

Accounting
Q

On July 1, Year 1, Yellow Rose Corp. paid $25,000 cash for a machine and...

Accounting
Q

Toot Auto Supply distributos new and used automohile parts to local dealers throughout the Midwest....

Accounting