Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Bandar Industries manufactures sporting equipment. One of the company's products is a football heimet that requires special plastic. During the quarter ending June 30 ,

image text in transcribed
Bandar Industries manufactures sporting equipment. One of the company's products is a football heimet that requires special plastic. During the quarter ending June 30 , the company manufactured 3,900 helmets, using 3,003 kilograms of plastic. The plastic cost the company $19.820 According to the standard cost card, each heimet should require 0.68 kilograms of plastle at a cost of $7.00 per kilogram. Required: 1. What is the standard quantity of kilograms of plastic (SQ) that is allowed to make 3.900 helmets? 2. What is the standard materlals cost allowed (SQ SP) to make 3,900 helmets? 3. What is the materials spending variance? 4. What is the materials price variance and the materials quantity variance? Note: For requirements 3 and 4 , indicate the effect of eoch variance by selecting " F " for favorable, "U" for unfavorable, ond "None" for no effect (i.e., zero voriance). Input all omounts as positive values. Do not round intermediate calculations. Bandar Industries manufactures sporting equipment. One of the company's products is a football heimet that requires special plastic. During the quarter ending June 30 , the company manufactured 3,900 helmets, using 3,003 kilograms of plastic. The plastic cost the company $19.820 According to the standard cost card, each heimet should require 0.68 kilograms of plastle at a cost of $7.00 per kilogram. Required: 1. What is the standard quantity of kilograms of plastic (SQ) that is allowed to make 3.900 helmets? 2. What is the standard materlals cost allowed (SQ SP) to make 3,900 helmets? 3. What is the materials spending variance? 4. What is the materials price variance and the materials quantity variance? Note: For requirements 3 and 4 , indicate the effect of eoch variance by selecting " F " for favorable, "U" for unfavorable, ond "None" for no effect (i.e., zero voriance). Input all omounts as positive values. 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

Financial Accounting IFRS WileyPLUS NextGen Card With Loose Leaf Print Companion Set

Authors: Jerry J. Weygandt ,Paul D. Kimmel ,Donald E. Kieso

4th Edition

1119504708

More Books

Students also viewed these Accounting questions

Question

What aspects would it be impossible to capture?

Answered: 1 week ago

Question

Enhance your words with effective presentation aids

Answered: 1 week ago