Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Bandar Industres manufactures sporting equipment. One of the company/s products is a footbail helinet that requires spectaif plactlc During the quarter ending June 30 ,

image text in transcribed
image text in transcribed
Bandar Industres manufactures sporting equipment. One of the company/s products is a footbail helinet that requires spectaif plactlc During the quarter ending June 30 , the company manufactured 3,500 helmots, ising 2,065 kilograms of plastic. The plasuc cost the company $13,620 According to the standard cost card, each holmet should require 0.53 kilogram of plasuc, ot a cost of 5700 per kilogram. Pequtred: 1. What is the standard quanty of iklograms of plastic (SQ) that is allowed to make 3,500 heimets? 2. Whot is the standard materiais cost allowed (SQ =SP ) to make 3.500 ffelmets? 3. What is the matertals spending variance? 4. What are the materials price vartance and the materials quantity variance? Note. For requirements 3 and 4 , indicate the effect of each vartance by selecting F" for favorable, "U" for unfavorable, and "None" for no effect t.e, zero vanancel. Input all amounts as positive values. Do not round intermediate calculations. SixyChefs, Incorporated, prepares in-flight maals for a number of major alrines. One of the compary's products is grilled saimon with mived vegetables. During the most recent week, the company prepared 4,800 of these meals using 882 direct labor-hours. The company paid its direct labor workers a total of $10,143 for this work, or $1150 per hour. According to the standard cost card for this meal, it should require 0.20 direct lebor-hour at a cost of $10.50 per hour. Recuired: 1. What is the standard labor hours allowed (SH) to prepare 4,800 meals? 2 What is the standard labor cort allowed (SH SR) to prepare 4,800 meals? 3. What is the labor spending variance? 4. What are the labor rate vanance and the labor efficiency variance? Note: For requirements 3 and 4 , indicate the effect of each varance by selecting "F" for favorable, " U " for unfavorable, and "None" for no effect (t.e, zero variance). Input all amounts as posmive values

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

Can I ask questions here on chegg now?

Answered: 1 week ago