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Accounting Bandar Industries manufactures sporting equipment. One of the company's products is a football heimet that requires special plastic. During the quarter ending June 30,
Accounting
Bandar Industries manufactures sporting equipment. One of the company's products is a football heimet that requires special plastic. During the quarter ending June 30, the company manufactured 3,200 helmets, using 2,016 killograms of plastic. The plastic cost the company $15,322. According to the standard cost card, each heimet should require 0.56 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 3,200 heimets? 2. What is the standard materials cost allowed (SQ SP) to make 3,200 helmets? 3. What is the materials spending variance? 4. What is the materials price variance and the materials quantity variance Step by Step Solution
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