Question
Answer these 3 questions please Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the companys products, a football helmet for the North American
Answer these 3 questions please
Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the companys products, a football helmet for the North American market, requires a special plastic. During the quarter ending June 30, the company manufactured 3,400 helmets, using 2,244 kilograms of plastic. The plastic cost the company $14,810.
According to the standard cost card, each helmet should require 0.59 kilograms of plastic, at a cost of $7.00 per kilogram.
Required:
1. What is the standard quantity of kilograms of plastic (SQ) that is allowed to make 3,400 helmets?
2. What is the standard materials cost allowed (SQ SP) to make 3,400 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 variance). Input all amounts as positive values. Do not round intermediate calculations.)
question 2:
SkyChefs, Incorporated, prepares in-flight meals for a number of major airlines. One of the companys products is grilled salmon in dill sauce with baby new potatoes and spring vegetables. During the most recent week, the company prepared 7,300 of these meals using 1,450 direct labor-hours. The company paid its direct labor workers a total of $14,500 for this work, or $10.00 per hour.
According to the standard cost card for this meal, it should require 0.20 direct labor-hours at a cost of $9.50 per hour.
Required:
1. What is the standard labor-hours allowed (SH) to prepare 7,300 meals?
2. What is the standard labor cost allowed (SH SR) to prepare 7,300 meals?
3. What is the labor spending variance?
4. What is the labor rate variance and the labor efficiency 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 variance). Input all amounts as positive values. Do not round intermediate calculations.)
Question 3:
Sharp Company manufactures a product for which the following standards have been set:
Standard Quantity or Hours | Standard Price or Rate | Standard Cost | |||
---|---|---|---|---|---|
Direct materials | 3 | feet | $ 5 | per foot | $ 15 |
Direct labor | ? | hours | ? | per hour | ? |
During March, the company purchased direct materials at a cost of $49,170, all of which were used in the production of 2,750 units of product. In addition, 4,500 direct labor-hours were worked on the product during the month. The cost of this labor time was $36,000. The following variances have been computed for the month:
Materials quantity variance | $ 3,450 | U |
---|---|---|
Labor spending variance | $ 3,000 | U |
Labor efficiency variance | $ 750 | U |
Required:
1. For direct materials:
a. Compute the actual cost per foot of materials for March.
b. Compute the price variance and the spending variance.
2. For direct labor:
a. Compute the standard direct labor rate per hour.
b. Compute the standard hours allowed for the months production.
c. Compute the standard hours allowed per unit of product.
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