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 o special plastic.

image text in transcribed

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 o special plastic. During the quarter ending June 30 , the compony menufactured 3,700 helmets, using 2,479 kilograms of plostic. The plostic cost the compony $18,840. According to the stendard cost card, esch helmet should require 0.57 kilograms of plastic, at a cost of $8.00 per kilogram. Required: 1. What is the standerd quantity of kilograms of plastic (SQ) that is allowed to make 3,700 helmets? 2. What is the standard materials cost allowed (SQSP) to make 3,700 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 varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (1.e., zero varlance). Input all amounts as positive values. Do not round intermediate calculations.) SkyChefs, Incorporsted, prepares in-flight mesls for a number of major airlines. One of the compeny's products is grilled salmon in dill souce with boby new potatoes and spring vegetables. During the most recent week, the company prepared 4,400 of these mesls using 1,700 direct labor-hours. The company paid its direct labor workers a total of $17,000 for this work, or $10.00 per hour. According to the standard cost card for this meal, it should require 0.40 direct labor-hours at a cost of $9.40 per hour. Required: 1. What is the standord labor-hours allowed (SH) to prepore 4,400 mesls? 2. What is the standard labor cost allowed (SH * SR) to prepare 4,400 meals? 3. What is the labor spending voriance? 4. What is the labor rate variance and the labor efficiency varience? (For requirements 3 and 4 , Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (1.e., zero varlance). Input all amounts as positive values. Do not round intermedlate 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

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

More Books

Students also viewed these Accounting questions