Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the company's products, a football helmet for the North American market, requires a special plastic.

image text in transcribed
Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the company's products, a football helmet for the North American market, requires a special plastic. During the quarter ending June 30, the company manufactured 3.200 helmets, using 1,856 kilograms of plastic. The plastic cost the company $14.106. According to the standard cost card, each helmet should require 0.51 kilograms of plastic, at a cost of $8.00 per kilogram. Required: 1. What is the standard quantity of kilograms of plastic (5) that is allowed to make 3,200 helmets? 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 materiais price variance and the materials quantity variance? (For requirements 3 and 4, Indicate the effect of each variance selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero variance). Input all amounts as positive valdes. Do not round Intermediate calculations.) 1. 2 3 4 Standard quantity of lolograms allowed Standard cost allowed for actual output Materials spending variance Materials price variance Materiais quantity wariance

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Cost Accounting A Managerial Emphasis

Authors: Charles T. Horngren, George Foster, Srikant M. Datar, Madhav T. Rajan, Chris M. Ittner

13th Edition

0131355589, 978-0131355583

More Books

Students also viewed these Accounting questions

Question

5. Describe how contexts affect listening

Answered: 1 week ago