According to the standard cost card, each helmet should require 0.66 kilograms of plastic, at a cost of $8.00 per kilogram. Required: 1. What is the standard quantity of kilograms of plastic (SQ) that is allowed to make 3,100 helmets? 2. What is the standard materials cost allowed (SQ x SP) to make 3,100 helmets? 3. What is the materials spending variance? 4. What is the materials price variance and the materials quantity variance? (For requirements 3 and 4, indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" foa no effect (i.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations.) Standard quantity of kilograms allowed Standard cost allowed for actual output Materials spending variance Materials price variance Materials quantity variance 1. 2. 3. 4. Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor'standards for one unit of Zoom are given below: Standard Quantity or Hours 6.20 pounds 0.40 hours Standard Price Standard Cost $18.60 or Rate $ 3.00 per pound 610.00 per hour Direct materials Direct labor 4.00 During the most recent month, the following activity was recorded a. Twelve thousand pounds of material were purchased at a cost of $2.90 per pound b. The company produced only 1,200 units, using 10,800 pounds of material. (The rest of the material purchased remained in raw materials inventory.) c. 580 hours of direct labor time were recorded at a total labor cost of $6,960 Required: Compute the materials price and quantity variances for the month. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero verience). Input all amounts as positive values.) Materials price variance Materials quantity variance SkyChefs, Inc., prepares in-flight meals for a number of major airlines. One of the company's products is grilled sa'mon in dill sauce with baby new potatoes and spring vegetables. During the most recent week, the company prepared 4,800 of these meals-dsing 1,400 direct labor-hours. The company paid its direct labor workers a total of $18,200 for this work, or $13.00 per hour According to the standard cost card for this meal, it should require 0.30 direct labor-hours at a cost of $12.50 per hour Required: 1. What is the standard labor-hours allowed (SH) to prepare 4,800 meals? 2 What is the standard labor cost allowed (SH x SR) to prepare 4,800 meals? 3. What is the labor spending variance? 4. What is the labor rate variance and the labor efficlency variance? (For requirements 3 and 4, indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and one" for no effect (i.., zero variance). Input ell amounts as positive values. Do not round intermediate calculations.) 1 Standard labor-hours allowed 2. Standard labor cost allowed Labor spending variance 3. 4 Labor rate variance Labor efficiency variance Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the company's products, a footbll helmet for the North American market, requires a special plastic. During the quarter ending June 30, the company manufactured 3,100 helmets, using 2,325 kilograms of plastic. The plastic cost the company $17,670. According to the standard cost card, each helmet should require 0.66 kilograms of plastic, at a cost of $8.00 per kilogram. Required: 1. What is the standard quantity of kilograms of plastic (SQ) that is allowed to make 3,100 helmets? 2. What is the standard materials cost allowed (SQ x SP) to make 3,100 helmets? 3. What is the materials spending variance? 4. What is the materials price variance and the materials quantity variance? (For requirements 3 and 4, indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and None" for no effect (i.e., zero veriance). Input all amounts as positive values. Do not round intermediate calculations.) Standard quantity of kilograms 1 allowed Standard cost allowed for actual output Materials spending variance 2 3. 4 Materials price variance Materials quantity variance
