Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Bandar Industries Berhad of Malaysla 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 Malaysla 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 3,800 helmets, using 2,508 kilograms of plastic The plastic cost the company $19,061. According to the standard cost card, each helmet should require 0.58 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 3.800 helmets? 2. What is the standard materials cost allowed (SQSP) to make 3,800 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 varionce by selecting "F" for fovorable, " U " for unfovorable, and "None" for no effect (i.e., zero varionce). Input all amounts as 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

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

Holt McDougal Larson Geometry

Authors: Ron Larson, Laurie Boswell, Timothy D. Kanold, Lee Stiff

1st Edition

0547315171, 978-0547315171

Students also viewed these Accounting questions