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 heimet 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 heimet for the North American market, requires a special plastic. During the quarter ending June 30 , the company manufactured 3,300 heimets. using 2,376 kilograms of plastic. The plastic cost the company $18.058. According to the standard cost card, each helmet should require 0.63 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 3,300 heimets? 2. What is the standard materials cost allowed (SQ SP ) to make 3.300 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 , indicote the effect of each variance by selecting "F" for favorable, "U" for unfovorable, and "None" for no effect (i.e., zero variance). Input all amounts os positive volues. Do not round intermediate calculations.)

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_2

Step: 3

blur-text-image_3

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

Intermediate Accounting Volume 2

Authors: Thomas Beechy, Joan Conrod, Elizabeth Farrell, Ingrid McLeod-Dick

7th Edition

1259108023, 9781259108020

More Books

Students also viewed these Accounting questions

Question

Describe forecasting requirements.

Answered: 1 week ago