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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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While attending Stanford University, Larry Page met Sergey Brin, a native of Moscow, and together they launched Google in 1998. With CEO Eric Schmidt, who joined in 2001, they have built Google into one of the industry's most powerful companies.
Performance Report Case Study
Gallagher Company has gathered the information needed to complete its Form 941 for the quarter ended September 30, 2013. Using the information presented below, complete Part 1 of Form 941, reproduced on the next page.
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