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 3.800 helmets, using 2774 kilograms of plastic. The plastic cost the company $21.082 According to the standard cost card, each heimet should require 0.67 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 aliowed (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 , Indicote the effect of eoch varlance by selecting "F" for fovorable, " U " for unfavorable, and "None" for no effect (l.e, zero varionce). Input all amounts os positlve values, Do not round Intermedlate caleulations.)

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

Connect For Financial Accounting

Authors: Author

6th Edition

1264140304, 9781264140305

More Books

Students also viewed these Accounting questions